Islamabad: Prime Minister Shahbaz Sharif announced that the World Bank will invest $20 billion in Pakistan over the next 10 years, following the launch of the World Bank’s Country Partnership Framework in the country.
Speaking at the inauguration of the partnership framework, Shahbaz Sharif expressed his gratitude to the World Bank, acknowledging its longstanding cooperation with Pakistan across various sectors. He described the partnership framework as a historic and positive step for Pakistan’s future, emphasizing that it would focus on six key areas of development.
“This is a historic and joyous day for Pakistan,” the Prime Minister stated, highlighting the collaboration between the government and the World Bank in formulating the framework.
Shahbaz Sharif also discussed the need for reforms in various sectors, stating that many of the required reforms should have been implemented decades ago. He noted that the framework will contribute to growth in sectors like information technology, alongside addressing the challenges posed by climate change, particularly the aftermath of the 2022 floods in Pakistan.
He emphasized that the $20 billion investment will also be directed towards education, healthcare, and promoting public-private partnerships. Additionally, efforts will be made to encourage private investment alongside the public sector contributions.
The Prime Minister expressed confidence that with the dedication and efforts behind this program, Pakistan will reach new heights and emerge as a stronger nation. “Together, we will make Pakistan great,” he concluded.
Source: The COW News
