Pakistan

Finance Minister assures World Bank to implement structural reforms

Finance Minister assures World Bank to implement structural reforms

Finance Minister assures World Bank to implement structural reforms.

He reiterated this, while talking to Vice President South Asia Region, World Bank Hartwig Schafer.

Finance Minister assures World Bank to implement structural reforms

Hammad Azhar said that the government stays fully committed to implement structural reforms, protecting social spending and boosting social safety nets in order to protect the vulnerable segments of the society.

During the the virtual meeting, he stressed that harmonization of General Sales Tax as a priority area for the government.

He further said the Federal and Provincial Tax authorities are working out procedures for its smooth implementation.

Hammad Azhar expressed firm resolve of the government in implementing reforms underogoing World Bank projects.

Meanwhile, Minister for Energy Omar Ayub Khan and Special Assistant on Power Tabish Gauhar also spoke.

They outlined the steps they are taking to streamline the power sector, improving service delivery and serving the larger interest of electricity consumers.

Furthermore, they emphasized that the government is fully committed to make power sector dynamic and more sustainable.

In his remarks, the Vice President, World Bank appreciated the government’s relief initiatives to curtail the impact of COVID-19 pandemic effectively.

Hartwig Schafer reiterated the World Bank’s continuous support to Pakistan during testing times.

GTV

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