World

ISLAMABAD – Finance Minister Senator Mohammad Ishaq Dar on Tuesday held a meeting with World Bank Country Director Patchamuthu Illangovan in Islamabad.

Mr Illongovan on the occasion extended felicitations to the Finance Minister on achieving record level of tax revenue as well as all time high forex reserves at the close of the financial year 2016. He said these commendable achievements had been possible due to the commitment of the government to its economic reform program.

He also referred to the recent agreement between the government and the World Bank for financing a reform program for competitiveness and growth and said that these reforms would also help spur growth, which was the focus of the government.

He assured the Minister of World Bank’s full support for the economic reforms being carried out by the government and said that the mutual collaboration between the Government of Pakistan and the World Bank had been at its best during the outgoing financial year.

Finance Minister said the government had embarked on the much-needed economic structural reforms three years ago and was fully committed to take it forward. He said that the results of the reforms carried out so far are very encouraging and all economic indicators have shown substantial progress. He appreciated the support of the World Bank in the process.