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Anticipation Builds for Ajay Banga’s Visit
Islamabad is abuzz with preparations for a pivotal visit from World Bank President Ajay Banga, scheduled from January 31 to February 4, 2026. This isn’t just a courtesy call; it’s a high-stakes engagement poised to delve into critical aspects of Pakistan’s economy, ongoing reforms, and the deeply sensitive issue of water resources, particularly concerning the Indus Waters Treaty with India.
A Multifaceted Agenda for Growth and Stability
Officials within the Ministry of Economic Affairs have highlighted the ambitious objectives of Banga’s trip. The visit aims to foster direct engagement with key federal and provincial government stakeholders, interact with beneficiaries of World Bank-funded projects, and connect with the private sector.
The World Bank Group (WBG) seeks to:
- Gain a deeper understanding of Pakistan’s complex economic, social, and governance landscape, identifying fresh avenues for WBG support under the new Country Partnership Framework.
- Consult with key stakeholders to align with Pakistan’s development plans and priorities.
- Reaffirm the WBG’s unwavering commitment to Pakistan’s inclusive and sustainable growth trajectory.
Recognizing the immense importance of this visit, the Government of Pakistan has extended the rare honor of declaring the World Bank President a state guest.
Crucial Meetings and Key Discussions
During his stay, Mr. Banga and his team are slated for a crucial joint meeting on February 2, 2026, at the Prime Minister’s House. This significant gathering will bring together Minister for Finance Senator Muhammad Aurangzeb, Minister for Power Sardar Awais Ahmad Khan Leghari, Minister for Petroleum and Natural Resources Ali Pervaiz Malik, and Chairman Federal Board of Revenue Rashid Mahmood Langrial.
The agenda for this high-level meeting is packed, featuring presentations on:
- Tax Reforms and Digitalisation: Progress and future plans for the Federal Board of Revenue (FBR) in enhancing efficiency and transparency.
- Energy Sector Reforms: Critical updates and strategies for both power and petroleum sectors.
- Cashless Economy Initiatives: Steps being taken towards a more digital and inclusive financial system.
Addressing the Indus Waters Treaty: A Matter of National Importance
Perhaps one of the most sensitive topics on the agenda will be the recent developments surrounding the Indus Waters Treaty. Sources indicate that Mr. Banga will be thoroughly briefed on variations in water inflows and, critically, India’s construction of a new dam on the Chenab River – an issue that has raised significant concerns in Pakistan following New Delhi’s unilateral suspension of the treaty. Pakistan’s Indus Water Commissioner is expected to provide comprehensive information to the visiting delegation on these vital water-related challenges.
A Glimpse into the Future
As the global economic landscape continues to evolve, with the World Bank itself projecting resilient growth in 2026 despite tariff challenges, this visit represents a critical moment for Pakistan. It’s an opportunity to strengthen partnerships, secure vital support, and navigate complex challenges on the path to a more prosperous and stable future. All eyes will be on Islamabad as these crucial discussions unfold.
Source: Original Article
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