Finance Minister held a meeting with a delegation of the World Bank

Ministries Press Release

Islamabad, November 14, 2016 (PPI-OT): Federal Finance Minister Senator Mohammad Ishaq Dar held a meeting with a delegation of the World Bank led by Country Director Patchamuthu Illangovan to discuss various ongoing reform initiatives being undertaken by the Government. The Finance Minister reviewed the country development portfolio of the World Bank in Pakistan. Progress on implementation of various projects being executed with World Bank’s assistance was reviewed. The Finance Minister expressed satisfaction over the pace of project implementation and appreciated the cooperation offered by the World Bank team to Pakistan in its various development projects.

The Finance Minister apprised the World Bank team about the government’s reform agenda which was especially focused on reforms in the financial, insurance and banking sectors. The Country Director World Bank appreciated the performance of the current government in introducing reforms and discussed with the Finance Minister the proposed financial assistance package to be made available to Pakistan under Finance for Growth Development Policy Credit. Both sides agreed to speed up reforms process that will bring efficiency and transparency in the system. The meeting was attended by Secretary Finance, Chairman SECP and other senior officials of Ministry of Finance and the World Bank.

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