Hammad Azhar Eyes Pakistan’s sustainable, inclusive growth with World Bank

Arhama AltafWeb Editor

02nd Apr, 2021. 05:53 pm
Hammad Azhar World Bank

Newly-appointed Finance minister Hammad Azhar has on Friday (today) held a meeting with the Country Director of World Bank Group Najy Benhassine to discuss overall financial matters.

While speaking on the occasion, Finance Minister Hammad Azhar reiterated the firm commitment of the Government in implementing the reform agenda.

He also lauded World Bank’s IDA financing for the Crisis-Resilient Social Protection (CRISP) Program and appreciated the World Bank’s funding for Prime Minister’s Green Stimulus Initiative to boost green jobs for workers who have been laid off during COVID-19.

Azhar further added, “The continued support of the World Bank is critical for Pakistan to achieve strong, sustainable and inclusive growth.”

Furthermore, the Country Director World Bank thanked Pakistan’s efforts of the completion of various projects of bilateral interest.

Hammad Azhar Resumed Charge As New Finance Minister

Earlier, Minister for Industry and Production Hammad Azhar was appointed as the new finance minister on Monday after replacing Dr Hafeez Shaikh over “his poor performance due to rising inflation” in the country.

According to sources, Hamad Azhar was being made the finance minister in view of his double budget presentation.

The Prime Minister was worried about inflation while Abdul Hafeez Shaikh as Finance Minister failed to control inflation, sources added.

The second reason for removing Hafeez Shaikh is the order of the Islamabad High Court (IHC) that only elected representatives can head the cabinet committee.

Following the court’s decision, Hafeez Shaikh was promoted from Finance Adviser to Finance Minister and sworn in as Finance Minister on December 10.

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