President World Bank holds meeting with Economic Team of Government

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ISLAMABAD, Oct 31 (APP): President of World Bank Group David Malpass and his delegation on Thursday held a meeting with Prime Minister Imran Khan at Prime Minister House. After the meeting, a round-table meeting was also held between President World Bank and his delegation and economic team of Government of Pakistan wherein detailed discussions were held on issues related to energy sector and reforming tax regime of the country. Prime Minister Imran Khan chaired the meeting.

Minister for Economic Affairs Hammad Azhar, in his opening remarks, highlighted overall reform agenda of the government and the efforts being made for economic turn-around.

Advisor on Finance Dr Abdul Hafeez Sheikh gave an overview of the achievements made by the government during last one year.

He also underlined the efforts made by the government to stabilize the economy and to put it onto the path of growth.

He said there was a considerable progress this year on exports, containing fiscal and current account deficits, revenue collection, restricting expenditures and exchange rate stabilization.

Minister for Power Omar Ayub Khan and Special Assistant to Prime Minister on Energy Nadeem Babar shared the strategy of the government to overcome the issues related to energy sector including circular debt and efforts being made to diversify energy-mix with greater reliance on alternate and renewable energy resources.

President World Bank David Malpass in his remarks showed his satisfaction and confidence in economic policies of government and stressed more on strengthening tax reforms.

 

VNS, Islamabad