World Bank urges Pakistan to sustain economic stability through reforms

The World Bank has called on Pakistan to keep economic reforms moving and put them into practice, as the government seeks growth based more firmly on exports and investment. The appeal followed talks between Finance Minister Muhammad Aurangzeb and senior World Bank and International Finance Corporation officials, according to a Finance Division statement reported by Profit by Pakistan Today. The participants discussed reform priorities, private investment and ways to support sustainable expansion.

World Bank representatives credited Pakistan’s recovery in macroeconomic stability and said buffers and policy action had helped it withstand pressure from abroad. Aurangzeb said the government wanted to make stability lasting, pointing to Pakistan’s recent $3 billion Eurobond sale, with five-year and 10-year maturities, and its aim of securing improved sovereign credit ratings. The meeting also covered fiscal discipline, external risks, privatisation, regulatory arrangements and infrastructure funding. Both sides supported continued cooperation on reforms and sustainable growth.