{"id":100634,"date":"2024-11-27T12:32:37","date_gmt":"2024-11-27T07:32:37","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=100634"},"modified":"2024-11-27T18:04:11","modified_gmt":"2024-11-27T13:04:11","slug":"world-bank-reaffirms-support-for-economic-reforms","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/world-bank-reaffirms-support-for-economic-reforms.html","title":{"rendered":"World Bank reaffirms support for Pakistan\u2019s economic reforms"},"content":{"rendered":"\n<p>Islamabad: The World Bank has reiterated its commitment to supporting Pakistan in addressing its economic challenges and achieving sustainable development goals. This assurance was made during a meeting between Finance Minister Muhammad Aurangzeb and World Bank Country Director Najy Benhassine at the Finance Division in Islamabad on Tuesday.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/wb-invest-paks-digital-economy.html\" target=\"_blank\" rel=\"noreferrer noopener\">WB eyes USD 78Mn project for PAK\u2019s digital economy<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>The discussions focused on the continued partnership between Pakistan and the World Bank, particularly in implementing fiscal reforms, promoting sustainable economic growth, and optimizing resource management.<\/p>\n\n\n\n<p>Finance Minister Aurangzeb highlighted the government\u2019s resolve to strengthen collaboration with the World Bank in advancing its reform agenda. He expressed gratitude for the financial and technical assistance provided by the Bank in critical sectors such as infrastructure, education, and social services.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>The minister reaffirmed Pakistan\u2019s commitment to fiscal discipline, sustainable economic growth, and equitable resource utilization. He also emphasized the importance of developing a comprehensive tax policy framework to enhance revenue mobilization, improve compliance, and promote fair taxation.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>The World Bank team offered technical assistance to modernize Pakistan\u2019s budget-making process, enhance transparency, and improve accountability in public financial management. The discussions also included strategies for effective debt management, ensuring fiscal sustainability, and reducing economic risks.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/paks-economic-revival-impresses-imf.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pakistan\u2019s economic revival impresses IMF: FM Aurangzeb<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Key topics such as GST harmonization and reforms in the Agricultural Income Tax Regime were also addressed in coordination with provincial governments.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Benhassine praised the government\u2019s reform efforts and assured the World Bank\u2019s ongoing support to align with Pakistan\u2019s development priorities. He commended Pakistan\u2019s focus on critical areas such as taxation, fiscal policy, and public financial management to drive long-term economic stability.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>The meeting concluded with a mutual commitment to deepening the partnership between Pakistan and the World Bank, fostering a robust foundation for sustainable development and economic growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The World Bank has reiterated its commitment to supporting Pakistan in addressing its economic challenges and achieving sustainable development goals. This assurance was made during a meeting between Finance Minister Muhammad Aurangzeb and World Bank Country Director Najy Benhassine at the Finance Division in Islamabad on Tuesday. Read: WB eyes USD 78Mn project for PAK\u2019s digital economy The discussions focused on the continued partnership between Pakistan and the World Bank, particularly in implementing fiscal reforms, promoting sustainable economic growth, and optimizing resource management. Finance Minister Aurangzeb highlighted the government\u2019s resolve to strengthen collaboration with the World Bank in advancing its reform agenda. He expressed gratitude for the financial and technical assistance provided by the Bank in critical sectors such as infrastructure, education, and social services. The minister reaffirmed Pakistan\u2019s commitment to fiscal discipline, sustainable economic growth, and equitable resource utilization. He also emphasized the importance of developing a comprehensive tax policy framework to enhance revenue mobilization, improve compliance, and promote fair taxation. The World Bank team offered technical assistance to modernize Pakistan\u2019s budget-making process, enhance transparency, and improve accountability in public financial management. The discussions also included strategies for effective debt management, ensuring fiscal sustainability, and reducing economic risks.&hellip;<\/p>\n","protected":false},"author":18,"featured_media":100657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[60743,60740,7498,60612,60737,60744,60742,47122,60536,60746,60741,60739,60745,60120,60738,4438],"persona":[],"class_list":{"0":"post-100634","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-agricultural-income-tax","9":"tag-debt-management","10":"tag-economic-growth","11":"tag-education-sector","12":"tag-fiscal-discipline","13":"tag-fiscal-sustainability","14":"tag-gst-harmonization","15":"tag-infrastructure-development","16":"tag-pakistan-economic-reforms","17":"tag-pakistan-world-bank-partnership","18":"tag-public-financial-management","19":"tag-resource-management","20":"tag-social-services","21":"tag-sustainable-development","22":"tag-tax-policy-reforms","23":"tag-world-bank","24":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>World Bank reaffirms support for economic reforms - Zameen News<\/title>\n<meta name=\"description\" content=\"The discussions focused on the continued partnership between Pakistan and the World Bank, particularly in implementing fiscal reforms...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/world-bank-reaffirms-support-for-economic-reforms.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank reaffirms support for economic reforms - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The discussions focused on the continued partnership between Pakistan and the World Bank, particularly in implementing fiscal reforms...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/world-bank-reaffirms-support-for-economic-reforms.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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