Pakistan, ADB reaffirm commitment to strengthening partnership

Government of PakistanPakistan, ADB reaffirm commitment to strengthening partnership

ISLAMABAD, Pakistan: The Country Director of the Asian Development Bank (ADB) Young Ye met the Minister for Finance & Revenue Muhammad Aurangzeb at Finance Division in Islamabad on Thursday to discuss ongoing collaborations and future initiatives aimed at fostering economic development in Pakistan.

The ADB Country Director Young Ye congratulated the Minister for Finance and Revenue on staff level agreement with the International Monetary Fund (IMF) and stated that the market has positively responded to the development.Pakistan, ADB reaffirm commitment to strengthening partnership

   

During the meeting, Muhammad Aurangzeb expressed appreciation for the support provided by ADB over the years.

The finance minister particularly highlighted ADB’s assistance through Policy Based Lending (PBL) to mitigate the impacts of the pandemic and floods.

Furthermore, the status of ongoing policy-based programs including the Public Private Partnership (PPP) Program and the Climate and Disaster Resilience Enhancement Program (CDREP) were also discussed.

Acknowledging ADB’s pivotal role in promoting climate-conscious programs across Asia and the Pacific, the minister emphasized the alignment of ADB’s climate operations with Pakistan’s own climate goals and commitments.

The minister outlined government’s priority areas for achieving macro-economic stability and sustainability including measures to enhance revenue, SOEs reforms, privatization, and public-private partnerships.

Concluding the meeting, both parties reaffirmed their commitment to strengthening the partnership between Pakistan and ADB, with a shared goal of promoting sustainable economic growth and development in the Country.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

campaign against the Pakistan Army

Another campaign against the Pakistan Army is launched but this time from the other...

0
Islamabad, Pakistan: A new narrative is being shared in social media and even otherwise that the budget for grant 2024-25 of the Federal government...
Retinol benefits for skin

Retinol Benefits for Skin Whitening, Wrinkles, Acne, and Ageing

0
One of the effective skincare products to combat most of the skin conditions is retinol. Retinol is a healthy ingredient that works effectively against...

SIFC: FDI inflows hit $2 billion in July-March, Senate told

0
ISLAMABAD, Pakistan: The Country recorded the Foreign Direct Investment (FDI) inflow of approximately US$ 2 billion in the first nine months of the Fiscal...

Will petrol price be further dropped in Pakistan?

0
The federal government is set to announce the prices of petroleum products tonight for the next fortnight from June 16-30, 2024.By June 14, media...

Interbank Dollar Rate Today in Pakistan – 14 June 2024

0
Interbank Exchange Rates in Pakistan The Interbank Closing Exchange Rate in Pakistan has been issued by the State Bank of Pakistan (SBP) for June 14,...
Advertisement