Pakistan and the World Bank have agreed to strengthen development cooperation and accelerate key reforms, with a renewed focus on climate resilience, agriculture and energy sector sustainability.
The understanding came during a meeting between Finance Minister Senator Muhammad Aurangzeb and World Bank Country Director for Pakistan, Bolormaa Amgaabazar, in Islamabad.
The discussions centered on advancing the World Bank’s Country Partnership Framework and aligning it with Pakistan’s reform priorities, including human capital development, population management and climate change.
The finance minister stressed the importance of effectively implementing these initiatives, particularly in areas critical to long term economic stability.
He highlighted the need for stronger coordination between federal and provincial governments, noting that while provinces lead implementation, federal oversight remains essential to ensure policy alignment and consistency. Both sides emphasized improving transparency in project planning and strengthening monitoring systems to ensure better outcomes.
The World Bank reaffirmed its commitment to working closely with national and provincial stakeholders to enhance coordination and delivery.
The meeting also reviewed progress in agriculture sector reforms, with focus on improving productivity, strengthening value chains, expanding access to finance and increasing private sector participation.
The finance minister underlined the importance of aligning provincial strategies with national goals to drive sustainable growth and job creation. Energy sector reforms were another key area of discussion, particularly around improving financial sustainability and long term viability.
Both sides agreed to continue technical level engagement to explore practical solutions in line with Pakistan’s fiscal and reform framework.
The World Bank also shared an update on its development portfolio in Pakistan and reiterated support for the country’s economic stabilization efforts.
The finance minister appreciated the World Bank’s continued partnership and reaffirmed the government’s commitment to structural reforms, better governance and delivering tangible benefits for citizens.
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