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A World Bank mission led by Ms. Manuela Ferro, Lead Economist held a
meeting with Dr. Abdul Hafeez Shaikh Federal Minister for Investment &
Privatisation here today.
The mission is initiating preparation of the proposed Poverty Reduction
Support Credit (PRSC). The mission discussed three years programme to develop
a strategy to reduce poverty in Pakistan. The matters pertaining to generating
economic growth, focusing the private sector development and the measures
undertaken were reviewed.
Dr. Hafeez Shaikh stressed upon the need to conduct fresh survey for PRSC as
the available data needed to be updated. The government was fully committed to
eradicate poverty through economic reforms and create new job opportunities by
inducting private sector in all the sectors, he said.
He further stated that the utilization of privatisation proceeds being
received through the implementation of privatisation program were meant only
for poverty alleviation and debt retirement under the privatisation law with a
ratio of 10 % and 90 % respectively.
The mission remained with the Minister for some time and discussed various
other related matters.