Pakistan's Finance Minister assures the World Bank of commitment to tax reforms and institutional modernization during a meeting in Islamabad.
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb met with a delegation from the World Bank in Islamabad on May 18, 2026. During the meeting, Finance Minister Aurangzeb assured the World Bank team of Pakistan's commitment to implementing tax reforms and enhancing institutional modernization.
Finance Minister Aurangzeb emphasized that these measures are crucial for improving governance and fostering economic growth. He highlighted efforts underway in various sectors including education, health, and infrastructure as part of a broader strategy to strengthen public institutions.
The minister also discussed the importance of fiscal discipline and sustainable development strategies with the World Bank team. He expressed gratitude towards the organization's continued engagement and support for Pakistan’s socio-economic progress.
Aurangzeb underlined that these reforms are aimed at creating an enabling environment for private sector investment, thereby driving economic diversification and job creation in the country. He pledged to work closely with international partners like the World Bank to achieve these goals within a timeframe that aligns with national development plans.
The meeting underscored Pakistan's proactive approach towards modernizing its financial systems and institutions while maintaining strong ties with global development organizations for mutual benefit.
