World Economy

WB Endorses Pak Progress

WB Endorses Pak Progress WB Endorses Pak Progress

World Bank President Jim Yong Kim says Pakistan is well poised to become the next fast growing successful economy due to the steps taken by the government over the past few years, NewsNow reported. Addressing a meeting on the country’s economic performance in Islamabad on Tuesday, he pointed out the country has made significant progress to achieve micro-economic stability. He said the government has introduced reforms in the tax system to enhance revenue. The World Bank president said the country has also undertaken good steps to improve business climate. Kim expressed full support for the government’s tough economic decisions and said that WB supports the structural reform agenda. “I recall my first meeting with you where I had shared my concern about Pakistan’s security, energy and macroeconomic stability,” Kim told the Prime Minister Navaz Sharif and added that, “Let me state that under your leadership, Pakistan has witnessed phenomenal improvements in all three sectors and we support your endeavors.” He said Pakistan was now on the path of increased economic growth and prosperity.