World Bank Extends its development Support to Pakistan

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The Vice President of World Bank South Asian Region, Hartwig Schafer had a meeting with Minister of Finance, Revenue and Economic affairs Asad Umar on Tuesday in which he said World Bank is willing to extend its support to Pakistan in order to pursue its economic and social reform agenda.

Finance Minister Asad Umar welcomed the Vice President of the World Bank and said, the organization has been a long-standing development partner of Pakistan; the World Bank has supported Pakistani government for years. He also mentioned the major objective of the current government which is to achieve the economic stability in a short period of time.

The vice president highlighted the importance of Macroeconomic stability, Human Capital Development and Inclusive growth for Pakistan and he assured World Bank’s support for Pakistan in these segments.

The Finance Minister Asad Umar told the Vice President of World Bank that the government will take all the necessary measures to ensure that economic reform agenda is implemented to help the country back on economic growth track.

The Minister for Finance also revealed the government plans to support the private sector, he highlighted the importance of private sector and urged the private sector to participate in the economic development of the country.

Apart from the Finance Minister and Vice President World Bank the meeting was also attended by the Secretary Finance and Joint Secretary World Bank, Economic Affairs division.

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