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Monday, March 31, 2025  
01 Shawwal 1446  

Finance minister briefs World Bank delegation on government’s reform agenda

Pakistan focused on revenue generation, energy sector reforms, says Aurangzeb

Finance Minister Muhammad Aurangzeb held a key meeting with a delegation of World Bank Executive Directors, outlining the government’s ongoing economic reforms and their positive impact on Pakistan’s financial stability.

The World Bank delegation praised Pakistan’s reform agenda, acknowledging its role in improving economic indicators.

During the meeting, both sides discussed Pakistan’s economic landscape and the ongoing structural reforms.

Finance Minister Aurangzeb welcomed the delegation and appreciated the World Bank’s continued economic cooperation with Pakistan.

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He also acknowledged the Bank’s consistent support in advancing Pakistan’s development agenda.

According to the Ministry of Finance, the discussions focused on the Country Partnership Framework (2026-35), a long-term strategy aligning Pakistan’s economic goals with global financial trends.

The minister also briefed the delegation about his recent participation in the Al-Ula Conference, highlighting key economic stability initiatives discussed during the summit.

Aurangzeb outlined the government’s structural reform strategy, emphasising: Revenue enhancement measures; energy sector reforms; restructuring of state-owned enterprises (SOEs); Privatization initiatives; and expenditure control and tax base expansion.

He asserted that the government should not be in the business sector but rather create a business-friendly environment, enabling the private sector to drive economic growth.

The World Bank delegation commended Pakistan’s reform agenda, recognising the positive outcomes of key economic measures.

They acknowledged that Pakistan is making steady progress across critical sectors, and if the reform process continues, the economic outlook will improve further.

With Pakistan focusing on structural adjustments, investor confidence is expected to rise, paving the way for sustainable economic growth.

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World Bank

Finance minister

ministry of finance

Muhammad Aurangzeb

Aurangzeb