ADB urged to raise lending to Pakistan

Minister acknowledges ADB’s support to Pakistan

ISLAMABAD: Federal Minister for Economic Affairs Hammad Azhar on Thursday urged the Asian Development Bank (ADB) to scale up its lending to Pakistan, including programme lending and project financing.

While talking to ADB Country Director Xiaohong Yang, the minister acknowledged ADB’s support to Pakistan and discussed key priority areas and new avenues for future interventions.

These initiatives will not only provide fiscal space to the government but will also help boost economic activities in the country, he added. On the occasion, Yang said that ADB and Pakistan had successfully met many development challenges and assured the minister of the bank’s support in the priority sectors as identified by the present government.

The minister was also briefed on ADB’s ongoing interventions and pipeline projects and the bank’s programme lending and special policy-based loan, including trade and competitiveness programme, energy sector resilience programme and capital market reforms programme.  

Published in The Express Tribune, July 19^th, 2019.

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