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Economic reforms

Saudi Arabia’s king promises economic reforms, fiscal discipline in budget speech

RIYADH: Saudi Arabia’s King Salman on Tuesday announced a 1.11 trillion Saudi riyal ($295 billion) budget, the kingdom’s biggest ever, and said the government will move ahead with economic reforms. “We are determined to go ahead with economic reform, achieving fiscal discipline, improving transparency and empowering the private sector,” he said in a televised speech. Under the economic Vision 2030 plan pushed by Crown Prince Mohammed bin Salman, Riyadh is seeking to create more jobs for the masses, but businesses have been…

Government focusing on economic reforms to bring Pakistan among middle income countries: Bakhtyar

ISLAMABAD: Federal Minister for Planning, Development & Reforms Makhdoom Khusro Bakhtyar on Tuesday said that the government was working on a robust economic plan to introduce structural economic reforms to bring Pakistan among the middle income countries in the long run. "Improving tax administration, encouraging financial institutions to expand the range of savings and investment instruments, reducing the procedures, cost and time associated with investing, improving management practices and supporting technology…

World Bank pledges to continue supporting Pakistan economic reforms

WASHINGTON: The World Bank said on Monday it would continue to support Pakistan to implement broad economic reforms and address current risks towards achieving its development aspirations. The statement was made after discussions with a Pakistan delegation that covered a range of topics including the macro-economic outlook, human capital development, renewable energy and private sector development as well as infrastructure financing. Read More: Pakistan delegation meets World Bank’s Annette Dixon, highlights economic…