Bangkok: The World Bank Group has reiterated its commitment to supporting Pakistan’s efforts to stimulate private-sector growth and investment mobilization. This pledge was made by Ajay Banga, President of the World Bank Group, during a meeting with Pakistan’s Minister for Economic Affairs, Ahad Khan Cheema, in Bangkok.

According to Radio Pakistan, the meeting underscored the importance of selecting financial institutions and private partners that can deliver sustainable outcomes for businesses and end beneficiaries. The Minister for Economic Affairs emphasized the government’s dedication to enhancing the private sector as a catalyst for investment, innovation, and job creation, setting a goal to double SME financing by 2028. He also acknowledged the Prime Minister’s proactive engagement with development partners to garner support for this initiative.

The discussions also touched on the potential establishment of a sovereign wealth fund aimed at boosting investment while safeguarding strategic national interests. Both parties confirmed their commitment to a progressive partnership that aligns Pakistan’s development priorities with the World Bank Group’s global expertise and ability to mobilize both public and private investment.