Pakistan is commended by the World Bank for completing reforms under the RISE programme.

Martin Raiser, vice president of the World Bank for South Asia, has praised the Pakistani government for finishing the RISE program’s changes, which will guarantee macroeconomic stability in the nation.

Details indicate that as part of the World Bank-IMF Spring Meetings 2023 in Washington, Senator Mohammad Ishaq Dar, Federal Minister for Finance and Revenue, met via video link with Martin Raiser, Vice President for South Asia at the World Bank.

Tariq Bajwa, Tariq Mehmood Pasha, Chairman FBR, and Special Secretary Finance all virtually attended the meeting from Islamabad along with Minister of State for Finance and Revenue Dr. Aisha Ghous Pasha.

Masood Ahmad Khan, the Pakistani ambassador to the United States, Governor Jamil Ahmad, the secretary of finance, and the secretary of EAD were present in person.

The Vice President was told by the Finance Minister of the completion of World Bank-sponsored reforms, particularly those supported by the RISE-2 programme, which saw the adoption of significant changes like the harmonisation of the GST.

The Minister also expressed gratitude to the World Bank staff for helping Pakistan recover from and rebuild after the floods.

Martin was grateful for Pakistan’s efforts to ensure that all flood-related projects were processed quickly. He specifically commended Pakistan for finishing the RISE program’s reforms, which will guarantee macroeconomic stability in the nation.

Leave a Comment