Pakistan and the World Bank have reviewed progress on a broad set of economic reforms, with both sides stressing the need to speed up implementation and improve coordination across key sectors.
The discussions took place at the Finance Division, where officials assessed ongoing work on fiscal reforms, institutional capacity and technical support programmes. The review covered public financial management, debt oversight, private sector growth and a range of reform-linked initiatives backed by the World Bank.
Finance Minister Senator Muhammad Aurangzeb said the government values the World Bank’s continued support in pushing forward reforms and modernising public institutions. He noted that close coordination and practical collaboration remain important to keep reform efforts on track.
Focus on tax reforms and institutional capacity
A major part of the talks centred on the transformation of the Federal Board of Revenue. The government is working to improve tax administration through better use of technology, simpler procedures and stronger monitoring systems.
Progress on automation and digitisation was reviewed, alongside efforts to make the tax system more efficient and transparent. The World Bank team shared updates on its technical support for the Medium Term Revenue Strategy and related initiatives aimed at strengthening tax policy and administration.
The finance minister said technical assistance should be targeted and aligned with clear reform goals. He called for high quality international expertise and practical support that helps build local capacity. He also highlighted the need to develop in house skills so institutions can manage complex reforms independently over time.
Broader economic and financial reforms discussed
The meeting also looked at wider structural reforms to support long term growth. These included steps to improve trade, boost exports, ease access to credit and develop capital markets.
Officials discussed plans to deepen domestic debt markets and reduce reliance on bank borrowing by expanding market based financing options. Efforts to attract investors and improve Pakistan’s standing in international financial markets were also reviewed.
Other areas of discussion included labour market reforms, skills development and overseas employment opportunities. Participants also exchanged views on improving public sector efficiency and supporting sustainable job creation.
The World Bank delegation was led by Bolormaa Amgaabazar and included senior officials and experts working on Pakistan’s reform programmes. Both sides agreed to continue working closely to push forward key reforms and support economic stability.
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