Islamabad (TDI): Prime Minister Muhammad Shehbaz Sharif on Monday said that with the cooperation of the World Bank, several key development projects were completed in Pakistan, which had been playing a vital role in the country’s progress.
The prime minister expressed these views during a meeting with the delegation of World Bank Executive Directors, according to a statement released by PM Office.
The premier welcomed the delegation on their visit to Pakistan and said the partnership between Pakistan and World Bank spanned over seven decades.
He said that Pakistan has greatly benefited from its partnership with the World Bank.
The World Bank provided substantial assistance to the people hit by the 2022 floods in Pakistan, he said.
The meeting was attended by Federal Ministers Ahsan Iqbal, Ahad Khan Cheema, Dr. Musadik Malik, Sardar Owais Khan Leghari, Ministers of State Ali Pervaiz Malik and Shaza Fatima Khawaja, Prime Minister’s Coordinator Romina Khurshid Alam, Senator Sherry Rehman, Member of the National Assembly Nafisa Shah, Prime Minister’s Representative for the Polio Program Ayesha Raza Farooq, and other senior officials.
The prime minister said that recent Country Partnership Framework of the World Bank included an investment of $40 billion in Pakistan which was highly encouraging.
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With $20 billion allocated for different projects in health, education, youth development, and other social sectors, a new chapter of progress would begin in Pakistan, he added.
He said that an additional $20 billion investment in the private sector under the International Finance Corporation would accelerate the country’s economic growth.
Appreciating the World Bank’s trust in the government’s policies, he said that the institutional and economic reform programme was moving rapidly.
He said that the country’s economy is on the right path and moving towards growth.
He also emphasized that the sustainable economic development required further efforts.
The PM said the credit for economic turnaround went to the hard work of the government’s economic team.
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The delegation also appreciated the government’s reform initiatives in the energy, industrial and export sectors, and efforts for privatization and revenue generation.
A nine-member WB Executive Directors delegation is currently visiting Pakistan.
The delegation will discuss economic development projects and investment opportunities in Pakistan.
