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World Bank praises Pakistan for achieving record level of tax revenue

ISLAMABAD, July 05 (DNA): Finance Minister, Senator Mohammad Ishaq Dar held a meeting with the Country Director, World Bank, Patchamuthu Illangovan here on Tuesday.

Mr. Illongovan on the occasion extended felicitations to the Finance Minister on achieving record level of tax revenue as well as all time high forex reserves at the close of the financial year 2016. He said these commendable achievements had been possible due to the commitment of the government to the economic reform program.

He also referred to the recent agreement between GoP and World Bank for financing of the reform porgram for competitiveness and growth and said that these reforms would also help spur growth, which was the focus of the government.

He assured the Minister of World Bank’s full support for the economic reforms being carried out by the government and said that the mutual collaboration between the Government of Pakistan and the World Bank had been at its best during the outgoing financial year.

Finance Minister said the government had embarked on the much-needed economic structural reforms three years ago and was fully committed to take it forward. He said that the results of the reforms carried out so far are very encouraging and all economic indicators have shown substantial progress. He appreciated the support of the World Bank in the process.

Finance Minister also shared with Mr. Illangovan the plans for the next level of reforms to be carried out in the area of finance. The Country Director expressed keen interest in the reforms and assured that the World Bank will fully support the program. Senior officials of Ministry of Finance were present in the meeting. DNA

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