The World Bank is concerned about potential policy reversals that may occur in Pakistan after the upcoming elections, posing high macroeconomic risks to the country. These potential reversals include the rollback of commitments on gas, power subsidies, tax measures, and trade tariffs. The bank indicates a willingness to support Pakistan in coordination with the IMF, and emphasizes the need for broader and deeper reforms to support fiscal consolidation and increase investment. The bank also highlights various macroeconomic risks and institutional capacity challenges, and stresses the importance of structural reforms in the coming years. This includes reducing protectionist trade policies, expanding the tax base, accelerating energy reforms, and reducing losses of state-owned enterprises. The bank notes ongoing engagements to support continued reform in key areas, while also highlighting broad support for critical fiscal management and revenue reforms across the political spectrum and from the private sector.