In a major boost for Pakistan’s economy, Prime Minister Shehbaz Sharif has hailed the World Bank’s $40 billion investment as a game-changer that will open new doors of progress and development for the nation.
PM Shehbaz warmly welcomed the World Bank’s monumental investment during a meeting with the World Bank Executive Directors’ team in Islamabad, marking the beginning of a promising chapter in Pakistan’s economic journey. Highlighting the 70-year partnership between Pakistan and the World Bank, the Prime Minister outlined the transformative impact the investment will have on sectors like health, education, and social development, as well as private sector growth.
This $40 billion investment is part of the World Bank’s new Country Partnership Framework, with $20 billion earmarked for social projects and another $20 billion for private sector investments through the International Finance Corporation (IFC). PM Shehbaz expressed confidence that these efforts would accelerate Pakistan’s economic growth and further the country’s reform initiatives.
The Prime Minister credited the hard work of the government’s economic team for the country’s turnaround, noting positive trends in exports, remittances, and investments. He also emphasized efforts to enhance transparency, digitization, and power sector reforms to ensure long-term economic sustainability.
The World Bank delegation praised Pakistan’s swift economic reforms and the country’s promising future under the leadership of Prime Minister Shehbaz Sharif.