The Federal Minister for Economic Affairs, Ahad Khan Cheema, met with Martin Raiser, the South Asia Regional Vice President (SARVP) of the World Bank,here on Wednesday to discuss a range of issues relating to Pakistan\u2019s economic growth.
\nMinister Cheema welcomed Vice President Raiser and expressed gratitude for the ongoing support and assistance from the World Bank Group (WBG) to Pakistan, said a press release issued here.<\/p>\n
He reiterated Pakistan\u2019s commitment to implementing key reforms across major sectors to foster sustainable economic growth.
\nDiscussions centred on the new Country Partnership Framework, where the Minister praised the World Bank\u2019s teams for their guidance.
\nHe also highlighted ongoing efforts to accelerate project implementation and resolve bottlenecks.<\/p>\n
The Minister requested that the World Bank consider expanding its development portfolio for Pakistan through innovative financing options and by encouraging private sector participation, with support from the International Finance Corporation (IFC).
\nVice President Raiser commended the Government of Pakistan for their dedication to steering Pakistan toward economic recovery. He expressed satisfaction with the progress on various sectoral projects and socio-economic reforms, expressing confidence that these initiatives would lead to a more prosperous future for the people of Pakistan.
\nThe Vice President committed to deepening the partnership between the World Bank and the Government of Pakistan, particularly in areas such as human capital, climate change, agriculture, energy, water, and decent employment.<\/p>\n
He also assured the Minister of his full support in exploring new financial solutions to align with Pakistan\u2019s development priorities.
\nBoth sides also signed a Joint Communique wherein it was mutually agreed to engage in a long-term, focused partnership under the new Country Partnership Framework with annual reviews for assessing progress and course correction to achieve transformational impacts over a decade through a select set of critical development priorities.
\nThe initial set of priorities include structural economic reforms, improving foundational learning, energy sector reforms, climate adaptation and increasing economic opportunities, including in agriculture.
\nIn his closing remarks, Minister Cheema thanked the Vice President Raiser and his team for their visit, reaffirming Pakistan\u2019s commitment to providing full support at all levels of government to ensure the success of ongoing and future developmental projects.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Federal Minister for Economic Affairs, Ahad Khan Cheema, met with Martin Raiser, the South Asia Regional Vice President (SARVP) of the World Bank,here on Wednesday to discuss a range of issues relating to Pakistan\u2019s economic growth. Minister Cheema welcomed Vice President Raiser and expressed gratitude for the ongoing support and assistance from the World …<\/p>\n","protected":false},"author":4,"featured_media":64482,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-64467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/64467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=64467"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/64467\/revisions"}],"predecessor-version":[{"id":64484,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/64467\/revisions\/64484"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/64482"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=64467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=64467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=64467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}