World Bank Country Director for Pakistan Najy Benhassine praised on Thursday the planning ministry on Thursday, saying it is commendable the way the work is being conducted to ensure the implementation of the projects.
The World Bank country director called on Interim Planning Minister Sami Saeed. On the occasion, Benhassine and Saeed exchanged views on the developments in line with power, environment, and other projects.
The interim planning minister resolved to implement the rehabilitation projects in the wake of the flash floods.
The World Bank country director had appreciated the efforts of the caretaker government in line with the projects.
The international lender had expressed their resolve to extend support to the country.
Pakistan's economy is expected to rebound in the coming fiscal year but significant challenges remain, according to a new report by the World Bank.
The report projects that real Gross Domestic Product (GDP) growth will reach 1.7% in FY24 and 2.4% in FY25. It is based on the assumption that the government implements its International Monetary Fund (IMF) program, secures new external financing, and continues to tighten fiscal policy.
However, the report warns that growth is likely to remain below potential over the medium term and that the economy will remain vulnerable to domestic and external shocks.
