ISLAMABAD: Country Director World Bank, Najy Benhassine on Tuesday appreciated the government\u2019s reform initiatives and reiterated the bank\u2019s commitment to assist Pakistan in addressing economic challenges and achieving its developmental objectives.
\nDuring a meeting with Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, the WB Country Director assured continued support from the bank in key identified areas. The meeting was also attended by the Finance Secretary and senior officers of the Finance Division, according to press release issued by finance ministry.
\nDuring the meeting, the federal minister highlighted the importance of collaboration with the World Bank to support Pakistan\u2019s economic reforms and development agenda. He appreciated the World Bank\u2019s financial and technical assistance across various sectors and reiterated the government\u2019s commitment to fiscal discipline, sustainable growth, and efficient resource utilization.
\nDiscussions focused on the establishment of a robust and transparent tax policy framework to enhance revenue mobilization and improve compliance while ensuring equitable taxation. The World Bank team also offered technical assistance to streamline the budget-making process, adopting modern practices to improve transparency and accountability in public financial management, an effective debt management mechanism to ensure fiscal sustainability and reduce risks.
\nIssues related to Agricultural Income Tax Regime and GST harmonisation in coordination with provinces and enhanced focus on active role of National Tax Council also came under discussion. The Finance Minister expressed gratitude for the WB\u2019s support and reaffirmed the government\u2019s resolve to implement reforms aimed at sustainable economic progress.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD: Country Director World Bank, Najy Benhassine on Tuesday appreciated the government\u2019s reform initiatives and reiterated the bank\u2019s commitment to assist Pakistan in addressing economic challenges and achieving its developmental objectives. During a meeting with Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, the WB Country Director assured continued support from the bank in …<\/p>\n","protected":false},"author":4,"featured_media":73417,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-73404","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\/73404","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=73404"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/73404\/revisions"}],"predecessor-version":[{"id":73418,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/73404\/revisions\/73418"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/73417"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=73404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=73404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=73404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}