Pakistan, Jan. 27 -- The World Bank has recommended key reforms to boost Pakistan's economic growth and ensure long-term stability. Its report highlights tax collection, irrigation, and energy subsidies. Officials say linking fuel subsidies to social protection programs could help vulnerable populations while reducing fiscal losses.
The report stresses that Pakistan must strengthen its tax system to increase government revenue. Energy subsidies should be redirected to the Benazir Income Support Program. This step can also help curb circular debt and reduce misallocation of resources.
Read more: World Bank pushes Pakistan toward smarter revenue growth
Water scarcity is a major concern, the report notes. Inefficient irrigation wastes wat...
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