A Business Recorder story:

The World Bank (WB) Tuesday termed Pakistan’s economic reforms as strategic, relevant and sustainable.

The remarks were made by WB Director, Finance and Markets Global Practice, Sebastian -A Molineus during a review meeting on WB’s portfolio in Pakistan which was chaired by Finance Minister, Senator Mohammad Ishaq Dar.

The meeting was attended by WB delegation led by its Country Director, Patchamuthu Illangovan, senior officials of Ministry of Finance, Ministry of Commerce and Securities and Exchange Commission of Pakistan.

Molineus congratulated the Finance Minister on the successful implementation of the reforms and the resultant economic turnaround.

He highlighted that the government’s reforms have also played a major role in increasing financial inclusion in the country.

Molineus expressed interest, on behalf of the World Bank, in initiating projects aimed at facilitating long-term financing in Pakistan, including housing finance.

The Country Director World Bank briefed the Finance Minister on the World Bank’s portfolio in Pakistan, including the status of various ongoing development projects.

The Finance Minister appreciated the briefing from the Country Director and expressed satisfaction on the progress made so far on the various ongoing development projects being undertaken in Pakistan with the World Bank’s support.

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