Federal Minister for Finance Muhammad Aurangzeb on Monday held a key meeting with a World Bank delegation led by its Country Director to discuss ongoing and future economic reforms in Pakistan.
Image: Business Recorder
The discussions focused on strengthening cooperation between Pakistan and the World Bank in areas including tax system reforms, financial management, institutional restructuring, and governance improvement aimed at supporting economic stability.
During the meeting, Aurangzeb said the government’s major priorities included digital transformation, automation, and modernisation of the Federal Board of Revenue (FBR).
He noted that the World Bank was continuing to provide technical assistance for several reform initiatives, including the Medium-Term Revenue Strategy, the establishment and strengthening of the Tax Policy Office, and broader structural reforms within the FBR.
The finance minister said the government was aligning reforms with the principles of transparency, efficiency, and taxpayer facilitation to improve confidence in the taxation system.
He also highlighted efforts to promote private sector growth, increase exports, facilitate trade, and attract investment as part of Pakistan’s broader economic strategy.
Aurangzeb further said the government was working to strengthen local credit and capital markets in order to expand alternative financing options and reduce reliance on traditional banking channels.
The meeting also reviewed progress on employment generation, skills development, labour market reforms, and expanding overseas employment opportunities.
Both sides reaffirmed their commitment to continued cooperation for achieving sustainable, inclusive, and export-led economic growth in Pakistan.
