World Bank recognises Pakistan’s economic stability

Islamabad: The World Bank (WB) has acknowledged Pakistan’s efforts towards economic stability, stating that stabilisation is “taking hold” in the country.

In an announcement last month, the global lender revealed a $20 billion development financing plan for Pakistan under the new Country Partnership Framework. The funding will support key sectors, including clean energy and climate resilience, starting from 2026.

World Bank Country Director for Pakistan, Najy Benhassine, highlighted the significance of this initiative in a video message on X. He described the partnership as a crucial step in Pakistan’s long-term development plans, which align with the World Bank’s priorities.

“This is a groundbreaking joint commitment with the government of Pakistan, both at the federal and provincial levels, to address six of the most pressing development challenges the country is facing,” he stated.