Achieving the target was quite possible, but it required critical reforms and strong policies, the vice president stated. He highlighted that the World Bank had pledged $20 billion in support for Pakistan over the next 10 years.
However, he clarified that the disbursement of $20 billions funds would depend on Pakistan’s economic performance and implementation of reforms. He emphasized the need for Pakistan to undertake significant economic reforms to achieve a 7% annual growth rate.
Moreover, the Vice president urged Pakistan to focus on factors, particularly by attracting foreign investment and enhancing trade relations. He further mentioned consulting representatives from various political parties and civil society to build determinations on economic strategies.
He also stressed that Pakistan has the potential to attract investment by capitalizing its strengths.
Additionally, the vice president met Finance Minister Muhammad Aurangzeb to discuss the World Bank’s support for critical economic and tax reforms, as well as the implementation of a fiscal framework to improve revenue collection.
