$40bn Investment From World Bank: Welcomed By PM Shehbaz Sharif
Prime Minister Shehbaz Sharif has welcomed the $40 billion investment from the World Bank, calling it a “new chapter” for Pakistan’s economic growth. This investment will be directed toward key sectors, strengthening the country’s development and infrastructure.
Investment Plan Under Country Partnership Framework (CPF)
- The World Bank had previously committed $20 billion to Pakistan under a 10-year Country Partnership Framework (CPF) to promote inclusive and sustainable development.
- Now, the total pledged amount has been increased to $40 billion to further accelerate economic progress.
PM Shehbaz Sharif met a delegation of nine World Bank executive directors in Islamabad to discuss the investment. He acknowledged the World Bank’s continuous support for Pakistan’s development, citing its role in rebuilding efforts after the 2022 floods and funding various infrastructure projects.
Sector-wise Allocation of Funds
The investment will be divided into two key areas:
$20 billion – To be utilized in private sector projects under the International Finance Corporation (IFC).
$20 billion – To be allocated for development in crucial sectors such as:
- Health
- Education
- Youth Development
- Economic Infrastructure
The World Bank delegation acknowledged the positive impact of Pakistan’s reform policies. They highlighted that Pakistan’s economic revival efforts are delivering promising results and called it a “positive development.”
PM’s Statement on the World Bank’s Support
“I am grateful to the World Bank for its trust in our policies. Pakistan’s reform program is moving in the right direction, and we are committed to achieving long-term economic stability,” said PM Shehbaz Sharif.
The $40 billion investment from the World Bank marks a significant step in Pakistan’s economic transformation. With targeted reforms, improved investment climate, and international support, Pakistan is on a path toward sustainable growth and development.
