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World Bank commitment to support industrial reforms of new Pakistani government

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Mr Hartwig Schafer, World Bank’s Vice President for the South Asia Region, at the meeting with the Pakistani government for the discussion of development and reform agenda, made a commitment that the World Bank is ready to support the new Pakistani government reform plans for industrial development.

Mr Hartwig Schafer commented, “I am impressed to learn of the Government of Pakistan’s plans for investing in human capital and creating jobs, attracting investments through ease of doing business and better regional connectivity, improving infrastructure and services in Karachi, and strengthening the management of water and the environment.”

During his two-day stay in Islamabad, Mr Schafer met Finance Minister Mr Asad Umar, Foreign Minister Mr Shah Mehmood Qureshi, and Advisor, Commerce, Textile, Industry and Production, and Investment Mr Razzak Dawood. He also held discussions on digital disruption and regional connectivity and trade with stakeholders from the private sector and civil society.

The World Bank’s program in Pakistan is governed by the Country Partnership Strategy for FY2015-2020 with four priority areas of engagement: energy, private sector development, inclusion, and service delivery. The current World Bank portfolio includes 43 projects with a net commitment of $7.79 billion.