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World Bank Chief: Pakistan’s reforms are on the right track

Published on: September 24, 2025 5:11 PM

Prime Minister Shehbaz Sharif met with World Bank President Ajay Banga in New York during the UN General Assembly session. Deputy Prime Minister Ishaq Dar, Finance Minister Muhammad Aurangzeb, and Information Minister Atta Tarar also attended the meeting. The two sides discussed Pakistan’s economic reforms and future cooperation.

PM Shehbaz briefed Ajay Banga on the government’s wide-ranging reform agenda. He appreciated the World Bank’s continued support during the COVID-19 crisis and the 2022 floods. He highlighted that the government is working to simplify operations and boost private sector investment.

Read more: PM Shehbaz pushes IMF to factor flood impact in economic review

The prime minister also praised Banga’s leadership in making the World Bank a faster and more effective development partner. He welcomed the Bank’s new Country Partnership Framework (2026–2035) for Pakistan. The framework outlines a long-term plan for economic growth and resilience.

In response, Ajay Banga commended Pakistan’s reform efforts. He acknowledged the government’s commitment to macroeconomic stability and inclusive development. He assured that the World Bank would continue to support Pakistan’s progress through technical and financial assistance.

Read more: Pakistan set to receive $2B from World Bank in FY25

Both leaders agreed to strengthen cooperation in key sectors. They emphasized close coordination for the successful implementation of future projects. The meeting reflected strong economic ties and shared goals for sustainable development between Pakistan and the World Bank.

Filed Under: Pakistan Tagged With: Deputy Prime Minister Ishaq Dar, Finance Minister Muhammad Aurangzeb, Information Minister Atta Tarar, Latest, President Ajay Banga, Prime Minister Shehbaz Sharif, UN General Assembly session, World Bank

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