Minister for Finance and Revenue Senator Mohammad Ishaq Dar has said that the Government is cognizant of economic issues and is taking pragmatic steps to resolve bottlenecks to growth.
He was talking to Country Director World Bank Najy Benhassine and his team in Islamabad on Saturday.
The Finance Minister said that the present government is committed to set the economy on sustainable and inclusive growth path. He also informed about the devastations caused by the recent floods in the country.
Najy Benhassine extended felicitations to the Finance Minister on assuming the charge of the office and briefed on existing programs and future cooperation of the World Bank for Pakistan.
He informed the Finance Minister that the Bank is allocating $ 2 billion funds from existing World Bank financed projects for emergency operations in flood affected areas to support Pakistan. He further informed that around $ 1.5 billion funds would be mobilized this year due to emergency situation.
The Minister appreciated the World Bank for being a source of support in pursuing reform agenda and implementing various development projects for the country. He further said that Pakistan values the financial and technical support provided by the World Bank for the institutional reforms and economic development of the country.
