Islamabad : Osman Dione , Vice President of the World Bank for the Middle East and North Africa called on the Federal Minister for Planning, Development and Special Initiatives, Professor Ahsan Iqbal.
In the meeting , matters regarding strengthening the collaborative partnership between the World Bank and the Ministry of Planning came under discussion.
During the meeting, the World Bank Vice President lauded Professor Ahsan Iqbal’s significant contributions towards improving Pakistan’s economy.
Professor Ahsan Iqbal stressed the importance of revitalizing the previously established partnership between the Ministry and the World Bank to accelerate progress in national development projects.
The Minister noted that the global economy is transitioning from an industrial-based to a technology-driven model, underscoring the need for Pakistan to adapt accordingly.
Minister asserted that adopting an export-led growth model is indispensable for sustainable development. He reaffirmed Pakistan’s ambition to increase exports from $32 billion to $100 billion, aiming to boost economic growth and sustainability.
Minister for Planning called on the international community to ensure India adheres to the Indus Waters Treaty. He warned that water weaponization and violations of the treaty could trigger global food and water crises, posing serious risks to regional stability adding that such actions can imperil the world peace.
He also highlighted the government’s successful efforts in curbing inflation through tough policy measures, which have restored investor confidence and driven the Pakistan Stock Exchange beyond the 130,000-point mark.
Minister further underscored the government’s commitment to addressing child stunting issue, describing it as a serious national challenge requiring urgent and effective intervention.
He added that Education remains a priority, with rising enrolment rate of Girls in higher education signaling positive progress.
Professor Iqbal stressed the pivotal role of women in achieving development goals, affirming the Ministry’s commitment to fostering women’s active participation in all socio-economic initiatives.
Minister noted that In an effort to tackle pressing economic issues, the Ministry of Planning has devised the ‘5Es’ strategy to ensure sustainable growth.
Addressing environmental concerns, the Minister highlighted the shared global challenge of water scarcity and called for concerted international efforts. He expressed expectations from the World Bank to enhance its role in mitigating the adverse impacts of climate change. He noted that 2022 floods had the disproportionate effect on the poorest of the poor regions and stressed that Developed countries should take the burden of climate change .
Sohail Majeed is a Special Correspondent at The Diplomatic Insight. He has twelve plus years of experience in journalism & reporting. He covers International Affairs, Diplomacy, UN, Sports, Climate Change, Economy, Technology, and Health.
