Finance Minister Muhammad Aurangzeb met a World Bank delegation to review Pakistan’s ongoing economic reforms, institutional restructuring, and tax administration modernization at the Finance Division.

The meeting discussed long-term structural changes, including labor market reforms, vocational training expansion, overseas employment opportunities, and workforce competitiveness as part of Pakistan’s broader economic growth strategy.

The delegation, led by World Bank Country Director for Pakistan Bolormaa Amgaabazar, included senior officials working on fiscal management, economic growth, financial sector reforms, and capital market development.

The finance minister appreciated the World Bank’s continued technical and financial support for Pakistan’s reform agenda and stressed the need for deeper collaboration in strengthening institutions and improving implementation capacity.

Discussions covered a broad reform spectrum, including public financial management, debt sustainability, regulatory easing, trade facilitation, export competitiveness, private sector development, and capital market expansion.

Aurangzeb highlighted ongoing efforts to transform the Federal Board of Revenue (FBR) through digitization, automation, and procedural reforms aimed at improving efficiency and reducing manual intervention. He said technology-driven monitoring systems and simplified processes are central to the tax system overhaul.

The World Bank team briefed the government on technical assistance being provided for Pakistan’s Medium-Term Revenue Strategy, Tax Policy Office development, and broader FBR transformation program.

Both sides also reviewed measures to improve transparency, enhance taxpayer services, and speed up implementation of fiscal reforms.