A visionary collaboration between Pakistan and the World Bank promises inclusive growth, private sector empowerment, and sustainable development for the next decade.
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A Transformative Vision for Pakistan's Growth
In a move that signifies a major step toward economic transformation, World Bank Vice President for South Asia, Mr. Martin Raiser, completed his visit to Pakistan, culminating in the launch of the Pakistan Country Partnership Framework (CPF) for FY2026-35. The framework, designed to align with Uraan Pakistan—the government’s National Economic Transformative Plan—charts a clear path for fostering inclusive growth and development.
Prime Minister Muhammad Shehbaz Sharif joined Mr. Raiser in officially unveiling the CPF. Speaking at the event, Mr. Raiser emphasized, “The Country Partnership Framework marks an important evolution in our engagement. With ambitious 10-year targets, we aim to deliver tangible results for the people of Pakistan.”
Key Outcomes of the Country Partnership Framework
The CPF targets six strategic outcomes to address Pakistan's economic and developmental challenges:
- Enhanced Economic Stabilization: Supporting reforms that ensure fiscal discipline and macroeconomic stability.
- Private Sector Mobilization: Creating an investment-friendly climate to encourage private sector participation.
- Climate Resilience: Tackling climate change through targeted mitigation and adaptation measures.
- Governance and Efficiency: Streamlining government spending to improve service delivery.
- Federal-Provincial Collaboration: Fostering cooperation between federal and provincial governments for seamless implementation.
- Social Inclusion: Ensuring equitable opportunities for all, especially marginalized communities.
Strengthening Pakistan's Reform Agenda
Throughout his visit, Mr. Raiser engaged with key political leaders, including Prime Minister Sharif, Deputy Prime Minister Ishaq Dar, and Federal Ministers across finance, energy, and climate change sectors. These discussions reinforced the importance of implementing reforms that attract private investment and optimize government spending.
Acknowledging Pakistan’s strides in economic stabilization, Mr. Raiser noted, “While the World Bank Group is committed to supporting Pakistan, achieving the CPF targets requires mobilizing additional resources through private sector engagement.” He also highlighted the critical need for joint federal and provincial government efforts to mobilize revenues and improve expenditure efficiency.
Collaborations for a Sustainable Future
The visit also included dialogues with provincial leaders, including Punjab’s Chief Minister, Maryam Nawaz Sharif, and Khyber Pakhtunkhwa’s Chief Minister, Ali Amin Gandapur. Both provinces are poised to play a pivotal role in implementing the CPF. Key discussions focused on climate resilience, energy efficiency, and socio-economic reforms tailored to regional needs.
Mr. Raiser's meetings with development partners and private sector stakeholders emphasized Pakistan’s potential to become a hub of sustainable economic activities. The World Bank expressed its readiness to work closely with Pakistan to unlock these opportunities.
Uraan Pakistan: A National Vision for Transformation
The CPF aligns seamlessly with Uraan Pakistan, the national blueprint for economic transformation. This alignment demonstrates the government’s commitment to uplifting the nation through policy-driven initiatives that prioritize inclusivity, climate adaptation, and sustainable growth.
A Positive Narrative for Pakistan
The CPF launch is a testament to Pakistan's determination to overcome challenges and embrace a brighter future. By leveraging its rich cultural heritage, abundant natural resources, and resilient population, Pakistan has the potential to become a regional leader in sustainable development.
Inspiring Success Stories: Pakistan's Resilience
Pakistan's resilience shines through in its ability to address challenges with innovative solutions. From its response to climate challenges to its efforts in strengthening governance, the nation is carving a path of hope and progress. Initiatives like the CPF further inspire confidence in Pakistan's trajectory.
Call to Action: Share Your Thoughts
Pakistan stands at a crossroads of opportunity and innovation. What are your thoughts on the Country Partnership Framework and its potential to transform Pakistan? Share your opinions in the comments below. Together, let’s build a brighter narrative for our nation!
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Original Article on Mirage.News
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