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Overall performance of WB ongoing portfolio in Pakistan reviewed

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Country Director World Bank called on Minister for Finance, Revenue, Economic Affairs and Privatization, Dr. Shamshad Akhtar Saturday.

They discussed and reviewed the overall performance of the World Bank ongoing portfolio in Pakistan, and different options were discussed to further expand collaboration in different priority areas to help boost the economic activities in the country.

Dr. Shamshad Akhtar, while welcoming the World Bank team, reiterated that Pakistan values its development partnership with World Bank. She appreciated the efforts of the World Bank management, especially the country team in Islamabad in the economic development of Pakistan.

The Country Director World Bank Mr. Najy Binhassine, while briefing the Finance Minister on ongoing portfolio, indicated that the World Bank Management, in collaboration with Ministry of Finance, Revenue, Economic Affairs and Privatization, is making efforts to not only improve the implementation performance of the ongoing portfolio but also to maximize the volume of disbursement of foreign resources.

He indicated that the joint efforts are targeting disbursements of around US$2.0 billion during the current financial year, i.e., 2023-24.

 

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