Accra:Bangkok The World Bank Group has reaffirmed its support for Pakistan's efforts to enhance private-sector activity and attract investment. This commitment was articulated by the President of the World Bank Group, Ajay Banga, during a meeting with Pakistan's Minister for Economic Affairs, Ahad Khan Cheema.
According to Radio Pakistan, Banga underscored the importance of choosing financial institutions and private partners that can deliver sustainable results for businesses and end beneficiaries. The Minister emphasized the government's dedication to enhancing the private sector as a key driver of investment, innovation, and job creation, with a goal of doubling SME financing by 2028.
The discussions also touched upon the potential establishment of a sovereign wealth fund to mobilize investment, while maintaining safeguards to protect strategic national interests. Both parties reiterated their commitment to a forward-looking partnership that aligns Pakistan's development priorities with the World Bank Group's global expertise in mobilizing public and private investment.