Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a follow-up meeting with the World Bank (WB) team on Monday to discuss Pakistan’s economic and fiscal reforms under the 10-year Country Partnership Framework (CPF), which includes a $20 billion commitment.

According to a statement from the Ministry of Finance, the CPF focuses on key development areas such as health, education, climate resilience, and sustainable growth.

Senior officials from the Ministry of Finance and the Federal Board of Revenue (FBR) also attended the meeting.

The discussions centred on investment financing for economic reforms, with the World Bank team presenting their work on a comprehensive National Growth and Fiscal Programme.

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The programme addresses critical economic and fiscal policy areas, including strategies to overcome growth constraints, mobilise revenues, improve public spending efficiency, and enhance service delivery accountability.

A key objective of these reforms is to create an environment conducive to private-sector investment while ensuring that public resources are allocated for inclusive development.

The World Bank also briefed the Finance Minister on its data analysis of policy proposals received from business chambers, trade bodies, and associations during pre-budget consultations.

This collaborative effort aligns with the government’s early budget process, which was advanced to January this year to formulate a realistic revenue policy based on sound economic considerations.

Minister Aurangzeb emphasised the need for an integrated approach to fiscal, trade and private sector reforms, spanning both federal and provincial levels. He stressed that reforms should be designed with performance-based incentives directly linked to human development and socio-economic progress.

Reaffirming the government’s commitment to macroeconomic stability, he highlighted the importance of a nationally coordinated strategy, such as the National Fiscal Pact, as the foundation for achieving inclusive and sustainable economic growth.

The meeting concluded with a shared commitment to continued collaboration between the Ministry of Finance, the World Bank, and other key stakeholders to advance Pakistan’s reform agenda and drive long-term economic stability.