ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar has said that Pakistan achieved GDP growth rate of 5.28% during FY 2016-17, which is a
ten-year high.

He was speaking to the Vice President of World Bank for the South Asian Region, Annette Dixon,  who called on  him. She was accompanied by the Country Director World Bank, Mr.Patchamuthu Illangovan, and other senior officials of the World Bank.

The Finance Minister said that the government is actively working on energy projects as a top priority, and is aiming to add 10,000 MW of electricity to the system by March 2018, which will facilitate the elimination of load-shedding. The Finance Minister said that budget preparations for the next fiscal year are currently in the process of being finalized.

He appreciated the support of the World Bank on various projects, and expressed satisfaction on the progress made so far on them.

Dar highlighted the economic reforms that have been undertaken by the present government which have enabled Pakistan to achieve macroeconomic stability. He acknowledged the support of the World Bank in this regard. He said that the government is now focused on achieving higher, sustainable and inclusive economic growth.

Dixon acknowledged the success of the economic reforms implemented by the present government. She emphasized that the World Bank is committed to working in partnership with the Government of Pakistan on projects which take the development agenda forward and enable meaningful results..