World Bank appreciates reform process in Pakistan

WASHINGTON: Pakistani delegation led by Finance Minister Asad Umar participated in the IMF/WB spring meetings 2019 and attended a number of bilateral meetings on the sidelines.The Finance Minister met with the new World Bank President David Malpass and apprised him of the macroeconomic situation in the country and discussed continuation of Pakistan’s ongoing engagement with the Bank. Malpass appreciated the reform process in the country and assured continued World Bank support.The Finance Minister also met with the First Deputy Managing Director IMF Mr. David Lipton and talked about the ongoing negotiations with IMF. He also had a business roundtable with members of the US Pakistan Business Council. The companies present included PepsiCo, Coca Cola, Procter & Gamble, Uber and Facebook. The companies expressed their strong interest in Pakistan’s market and shared their future plans as well as issues where they needed support from the government. The Finance Minister mentioned that the government was completely focused on improving the ease of doing business in Pakistan. He further said that the Prime Minister Imran Khan was personally monitoring the reform process in this regard.

from The News International - World http://bit.ly/2G4tFDf