PR No.191 Islamabad: September 22, 2022

Federal Minister for Finance and Revenue Mr. Miftah Ismail held a virtual meeting with Vice President World Bank Mr. Martin Raiser along with Country Director World Bank Mr. Najy Benhassine today. Minister of State Dr. Aisha Ghous Pasha, senior officers from Finance Division and World Bank also attended the meeting. The Finance Minister welcomed the delegation in Pakistan and thanked the entire team for their continuous assistance. The Finance Minister apprised the delegation about the devastating impacts of floods. It was shared that one-third of country is facing floods and a number of crops especially wheat and cotton have got severe hit. Such loss would have huge economic repercussions on economic stability of the country. RISE-II and PACE-II were also discussed during the meeting. Finance Minister shared that Pakistan is close to completion of RISE-II. Various energy reform proposals were also deliberated in the meeting especially related to solarization of tube-wells. The VP World Bank appreciated the efforts of present government in tackling the current challenging situation due to floods. The delegation recognized that recent flood crisis has played havoc on human lives as well as economic health of the county. The Finance Minister thanked the World Bank team for their continuous support and facilitation and also shared that current government is well-equipped to deal with these challenges. He also apprised the delegation that present government is majorly focusing upon rebuilding of projects in climate resilient manner.
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