WB urges Pakistan to shift from stability to growth
WORLD Bank official Sandeep Mahajan meets Finance Minister Muhammad Aurangzeb.—X/ @Financegovpk • Calls for stronger investment, private sector activity • Aurangzeb stresses need to strengthen investor confidence ISLAMABAD: In what appears to be a push towards accelerating growth, the World Bank has advised Pakistan to move from stabilisation to sustainable growth, with a focus on strengthening…
World Bank official Sandeep Mahajan met with Pakistan's Finance Minister Muhammad Aurangzeb to discuss shifting the country's focus from economic stabilisation to sustainable growth. Mahajan highlighted the importance of strengthening investment and private sector activity in Pakistan's economic reform agenda. Aurangzeb emphasized the need to build on Pakistan's recent macroeconomic stability and translate it into investment-led and export-driven growth.
The World Bank praised Pakistan's recent $3 billion Eurobond issuance and stressed the necessity of maintaining fiscal discipline and addressing external sector vulnerabilities to attract further credit upgrades. The meeting also addressed the importance of policy continuity for sustained economic progress and the role of a predictable policy environment in boosting investment and productivity.
Aurangzeb and the World Bank representatives discussed opportunities to improve the regulatory environment and mobilise financing for infrastructure projects, reaffirming their commitment to continued cooperation for the country's economic development.
Written by urgent.news from Dawn Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
