Pakistan's Finance Minister Muhammad Aurangzeb held talks with a delegation from the World Bank on Monday, focusing on economic reforms and institutional transformation aimed at strengthening the country's financial system. The meeting reviewed ongoing reform efforts, particularly within the Federal Board of Revenue (FBR), and the finance minister reaffirmed the government's commitment to advancing technology-driven changes, including automation and digitalisation, to improve tax collection and transparency.
Finance minister Aurangzeb and World Bank discuss tax reforms , digitalisation and economic strategy, focusing on revenue growth ISLAMABAD - Pakistan’s Finance Minister Muhammad Aurangzeb held talks with a delegation from the World Bank on Monday, focusing on economic reforms and institutional transformation aimed at strengthening the country’s financial system.
According to an official statement, the meeting reviewed ongoing reform efforts, particularly within the Federal Board of Revenue . The finance minister reaffirmed the government’s commitment to advancing technology-driven changes, including automation and digitalisation, to improve tax collection and transparency. The World Bank delegation assured continued technical support for Pakistan’s Medium-Term Revenue Strategy and reform initiatives within the FBR. These efforts are seen as critical to enhancing revenue mobilisation and ensuring long-term fiscal sustainability.
Aurangzeb emphasised that the government’s economic agenda is centred on export-led, sustainable growth, improving the business climate and attracting both domestic and foreign investment. He noted that structural reforms are essential to stabilise the economy and promote resilience. The discussion also highlighted the need to strengthen domestic debt management and develop capital markets. The finance minister stressed reducing reliance on bank financing by expanding alternative funding sources, which could support private sector growth and reduce pressure on the banking system.
Participants further exchanged views on a range of key areas, including tax policy reforms, public debt management, private sector development and improving the efficiency of state institutions. These reforms are part of a broader strategy to modernise Pakistan’s economic framework and align it with international best practices. The World Bank delegation included senior officials such as Bolormaa Amgaabazar, Tobias Haque, Anna Tom and Raffaele Khan, among others. China agrees to boost trade for US beef and poultry following Trump-Xi summit
Finance Minister World Bank Economic Reforms Institutional Transformation Federal Board Of Revenue Tax Reforms Digitalisation Revenue Growth Export-Led Growth Business Climate Domestic And Foreign Investment Structural Reforms Domestic Debt Management Capital Markets Tax Policy Reforms Public Debt Management Private Sector Development Efficiency Of State Institutions Modernisation Of Economic Framework International Best Practices Trade US Beef And Poultry China Trump-Xi Summit
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