Aurangzeb, World Bank discuss growth

In Business
April 02, 2024



ISLAMABAD:

The Minister for Finance and Revenue, Muhammad Aurangzeb, met with Country Director of the World Bank Najy Benhassine, and Country Manager of the International Finance Corporation (IFC) Zeeshan Ahmed Sheikh to discuss collaborative development strategies and initiatives aimed at promoting economic growth, enhancing financial stability, and fostering sustainable development within the country.

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During the meeting, the importance of strengthening partnerships with international financial institutions like the IFC and World Bank was highlighted. Discussions focused on leveraging their expertise and resources for the country’s development agenda. The finance minister also highlighted the government’s commitment to creating an enabling environment for private sector investment and ensuring transparency and accountability in financial matters.

Respective representatives from the World Bank and IFC appreciated the government’s efforts to bring reforms in economic and financial sectors to ensure sustained economic growth, including expanding the tax base, restructuring State-Owned Enterprises (SOEs), and privatisation.

Published in The Express Tribune, April 2nd, 2024.

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