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A follow-up meeting between Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, and the World Bank team was held on Monday to discuss Pakistan's national growth and fiscal programme under the 10-year Country Partnership Framework (CPF), which includes $20 billion in commitments. According to a press release issued by the Ministry of Finance, the framework focuses on key development areas, including health, education, climate resilience, and sustainable growth. Senior officials from the Ministry of Finance and the Federal Board of Revenue (FBR) also attended the meeting. The primary focus was on the World Bank's investment financing for economic reforms. The bank's team presented their ongoing work on the National Growth and Fiscal Programme, covering strategies for inclusive and sustainable growth, revenue mobilisation, expenditure quality, and service delivery efficiency. A key objective of these reforms is to enhance conditions for private investment while ensuring that public resources are allocated effectively for inclusive development. The World Bank also briefed the finance minister on its analysis of policy proposals gathered from various trade bodies and chambers during pre-budget consultations. Aurangzeb emphasised the importance of a comprehensive, integrated approach to fiscal, trade, and private sector reforms at both federal and provincial levels. He underscored the need for outcome-based and performance-based reforms directly linked to human development and economic growth. He reiterated that a nationally coordinated approach, as outlined in the National Fiscal Pact, is crucial for macroeconomic stability. He stressed that such a unified strategy would be the foundation for achieving sustainable economic growth and ensuring the well-being of all citizens. The meeting concluded with a shared commitment to continued collaboration between the Ministry of Finance, the World Bank, and other stakeholders to advance economic reforms. FinMin reviews NHPP In a separate meeting, Finance Minister Aurangzeb reviewed the development of the National Health and Population Policy (NHPP) for 2025-2034. The meeting was attended by senior finance ministry officials and a three-member NHPP team led by Dr Sameen Siddiqi, Professor at Aga Khan University, alongside Health Systems Specialist Dr Tayyeb Masud and Public Health Expert Dr Noorul Huda Shah. According to the finance ministry's press release, the NHPP team provided an update on the policy's formulation, which aims to guide Pakistan's health and population strategies for the next decade. The policy is being developed with a focus on evidence-based decision-making, prioritising critical health issues while considering Pakistan's fiscal constraints. The team outlined the policy's key goals, including restructuring the health sector, addressing rapid population growth, integrating health and population strategies, and increasing public sector financing for healthcare. These efforts aim to build an efficient health system capable of meeting the needs of a growing population, particularly the most vulnerable. During the meeting, the NHPP team presented proposals focused on strengthening health systems, improving resource allocation, and ensuring that essential health services reach all segments of the population. Aurangzeb commended the team's efforts and urged them to formally submit their recommendations to the Ministry of Finance for further review. He acknowledged challenges posed by climate change, rapid population growth, child stunting, and learning poverty. He also highlighted the importance of aligning Pakistan's health policies with international best practices to ensure equitable resource distribution.
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