The World Bank praised Pakistan’s reforms, promising to continue its cooperation.
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World Bank Country Director Naji Benhasin on Tuesday lauded the government’s reform initiatives and reiterated the bank’s commitment to support Pakistan in meeting its economic challenges and achieving its development goals.
In a meeting with Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, Ben Hussain assured the World Bank’s continued support in key priority areas. According to a press release issued by the Finance Ministry, the meeting was also attended by the Finance Secretary and senior officials of the Finance Division.
The Federal Minister emphasized the important role of the World Bank in helping Pakistan’s economic reforms and development strategy. He appreciated the Bank’s financial and technical assistance in various sectors and reiterated the government’s focus on fiscal discipline, sustainable development, and efficient resource allocation.
The discussion highlighted the need to establish a transparent and robust tax policy framework to enhance revenue generation, improve compliance and ensure fair taxation. The World Bank team also offered technical assistance to modernize budget preparation, increase transparency in public financial management, and develop an effective debt management mechanism to reduce fiscal risks and ensure sustainability. of
Other topics covered included issues related to the agricultural income tax system, coordination of GST in coordination with provinces, and the active role of the National Tax Council in strengthening tax administration.
The Finance Minister thanked the World Bank for its support and reiterated the government’s commitment to implementing reforms to achieve long-term economic stability and growth.
