Pakistan’s Government to Implement Key Reforms in Energy, Revenue, and SOEs

Islamabad, Finance Minister Muhammad Aurangzeb has articulated the government’s commitment to implementing significant reforms in energy, revenue collection, and state-owned enterprises (SOEs) during a meeting with Martin Raiser, the World Bank’s Regional Vice President for South Asia, in Washington DC.

According to Ministry of Information and Broadcasting, the meeting primarily focused on finalizing the new Country Partnership Framework (CPF) with the World Bank. The Finance Minister emphasized the government’s reform initiatives aimed at achieving both short-term and long-term goals across crucial sectors.

During his discussions, Minister Aurangzeb underscored the alignment of the World Bank’s focus areas, including climate change, digitalization, and human development, with Pakistan’s developmental priorities. He expressed satisfaction with the progress in these areas and highlighted the government’s vision to unlock the country’s economic potential fully.

Additionally, the Finance Minister briefed on the establishment of the Special Investment Facilitation Council (SIFC), which serves as a one-window facility aimed at streamlining investment procedures and enhancing the ease of doing business in Pakistan.

This meeting reflects ongoing efforts to strengthen cooperation between Pakistan and international financial institutions to support the country’s ambitious reform agenda.