ISLAMABAD: Federal Finance Minister Ishaq Dar has lauded the Asian Development Bank’s (ADB) support for the socio-economic development in Pakistan.
The finance minister was talking to the Country Director, ADB, Werner Liepach who called on him here on Monday.
Liepach briefed the Minister regarding the visit of ADB Vice President to Pakistan from June 15 to 20, 2016. He informed that the Vice President, among other official engagements, would also participate in the signing ceremony for additional financing for M-4, Shorkot-Khanewal Highway Project.
Finance Minister Ishaq Dar said that he looked forward to receive the ADB Vice President. Liepach also discussed matters relating to the upcoming Ministerial meeting of the Central Asian Regional Economic Cooperation (CAREC), to be held in Islamabad later this year. It was noted that the arrangements for the meetings were progressing smoothly. Pakistan has been actively participating in the CAREC activities, since joining the group in 2010. ADB is supporting development of trade and transportation corridors in Central & South Asian region, promoting regional connectivity.
The ADB’s current portfolio for Pakistan also came under discussion. Liepach informed the Minister that most of the projects were progressing as per the timelines. He also stated that ADB’s financing programme in Pakistan for the next three years was presently being discussed with the Economic Affairs Division (EAD).
