In meeting with finmin, WB chief assures full support for reforms to stabilise economy

Finance Minister Muhammad Aurangzeb has held meetings with the presidents of the World Bank (WB) and the Asian Development Bank (ADB), in which the former assured his full support for reforms to stabilise the economy and enhance revenues. The minister is currently in Washington to attend the spring meetings organised by the International Monetary Fund (IMF) and the WB. In a post on X early Wednesday morning, the finance ministry said Aurangzeb met ADB President Masatsugu Asakawa. “Discussions focused on further strengthening Pakistan’s partnership with ADB, protecting country envelope of concessional financing and future project pipeline,” it said. A subsequent post said that the finance minister also met WB President Ajay Banga and highlighted Pakistan’s progress under the nine-month standby arrangement programme and ongoing reforms in priority areas of taxation, energy and privatisation.