World Bank Urges Pakistan to Reform Economy and Spending to Benefit Wider Population
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Pakistan's economic model benefits only the elite, not the wider population, according to the World Bank's Country Director Najy Benhassine
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The country is exposed to climate change impacts and policy failures in sectors like agriculture need addressing
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Reforms are required in areas like energy policy and fiscal management to improve sustainability, mobilize revenue, and enable investment
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Government spending priorities need to shift to support human development, infrastructure building, economic empowerment and climate adaptation
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The business environment, especially for small businesses, needs improvement for strengthened growth and quality of life