ISLAMABAD - Pakistan and World Bank Tuesday agreed to continue close interaction on all local and regional fiscal and monetary issues that impact national development. Pakistan economic outlook and its challenges came under discussion in a meeting between Praful C Patel, Vice President, World Bank South Asian Region led team and Syed Naveed Qamar, Finance Minister, here on Tuesday. Patel discussed with Finance Minister matters relating to current global and regional specific economic issues. Finance Minister briefed WB team on latest economic issues confronting Pakistan against the backdrop of pre-budget preparations during FY 2008-09. Government's economic priorities and broad policy framework were impressed upon WB Vice President South Asian Region. Praful Patel presented a detailed overview of global economic conditions focusing South Asian Region against emerging worldwide economic realities. Discussion also focused on government's economic reforms agenda that primarily takes into account common man's economic concerns who is ultimately the recipient of the impact of government's multi-sectoral fiscal measures. Towards the end, both the sides appreciated each other's institutional viewpoint on matters of resource mobilization, revenue generation and overall pricing scene. The Finance Minister hailed the World Bank's role in leading the global efforts regarding harmonization and alignment of aid in the context of Paris Declaration, concurrently highlighting Pakistan's macro-economic performance.