Overview
- Finance Minister Muhammad Aurangzeb and World Bank Country Director Bolormaa Amgaabazar met in Islamabad to review the Country Partnership Framework and align next steps.
- The World Bank proposed a results-driven program with clear milestones, performance indicators, and targeted technical assistance to spur private investment.
- Pakistani officials said they asked the Bank to refinance costly power-sector debt by shifting it to cheaper multilateral borrowing.
- Officials also said the government plans to raise the industrial incremental electricity package to 50% from 25% to help revive demand after last year’s downturn.
- The Bank outlined potential policy-based guarantees for liability management and signaled that major support depends on concrete power-sector reforms and continued technical work.