During his four-day visit, Banga was welcomed as a "son of the soil," with local authorities presenting him with original revenue records of his family's property. Pakistan's warm reception for World Bank President Ajay Banga has highlighted the country's deep-seated reliance on external creditors to keep its economy afloat. Debt and diplomacyHowever, the pomp and ceremony surrounding Banga's visit contrasts sharply with Pakistan's public admission of economic weakness. Prime Minister Shehbaz Sharif had recently acknowledged that Pakistan's foreign exchange reserves had "almost doubled" only because borrowed funds were included. World Bank President Ajay Banga wanted to visit his ancestral home in Pakistan, this is how they welcomed him.

Source: dna February 05, 2026 05:07 UTC