{
  "id": 16180986,
  "title": "World Bank calls for reforms to sustain Pakistan’s economic stability",
  "url": "https://urgent.news/2026/10/23/world-bank-calls-for-reforms-to-sustain-pakistans-economic-stability",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-23T10:29:01.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40445619/world-bank-calls-for-reforms-to-sustain-pakistans-economic-stability"
  },
  "original_language": "en",
  "account": "During a meeting between Pakistan's Finance Minister Muhammad Aurangzeb and Sandeep Mahajan, the World Bank's Regional Practice Director for the Middle East, North Africa, Afghanistan and Pakistan, discussions revolved around Pakistan's economic reform agenda and the transition from stabilisation to sustainable growth.\nSandeep Mahajan praised Pakistan for restoring macroeconomic stability and commended the government's effective management of recent challenges stemming from regional conflict. He highlighted that the buffers built during the stabilisation phase and a timely policy response had enabled Pakistan to manage external pressures.\nAccording to Mahajan, sustaining these gains would require continuous reforms and effective implementation. Aurangzeb echoed this sentiment, stating that the government's primary objective was to ensure the durability of macroeconomic stability and transform it into sustainable growth and investment-led, export-led development.\nPakistan had recently regained access to international capital markets, evidenced by its successful $3 billion Eurobond issuance with 5-year and 10-year maturities. Aurangzeb also stressed the importance of establishing a credible transition framework that would maintain fiscal discipline, address external vulnerabilities, and fortify the country's foundations for responsible and sustainable private sector investment growth.\nThe meeting also covered policy continuity as a crucial element for sustained economic progress. Both Aurangzeb and Mahajan emphasized the necessity of a predictable policy environment and consistent implementation for attracting investment and nurturing productivity.\nThe World Bank representatives underscored the significance of bolstering investor confidence through credible post-privatisation arrangements, developing infrastructure projects through suitable financing structures and collaborating with development partners, and improving the regulatory environment. Both sides agreed on the value of ongoing cooperation between Pakistan and the World Bank.",
  "summary": "The World Bank has called on Pakistan to sustain its economic stabilisation gains through continued reforms and effective implementation, as the country seeks to attract investment and shift towards sustainable growth, read a statement on Friday. The development came during a meeting between Finance Minister Muhammad Aurangzeb and Sandeep Mahajan, Regional Practice Director for the Prosperity…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}