ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin has acknowledged the longstanding partnership and firm commitment of the Asian Development Bank as a major partner for bringing essential reforms in priority areas, including energy, fiscal and debt management, and socio-economic development.

During a meeting with John Hurley, the US Alternate executive director of the Asian Development Bank, at the Finance Division, the adviser emphasized that the ADB has always been a source of support in pursuing reform agenda and implementing various development projects for the country.

Tarin gave an overview of the current economic situation and emphasized that the government is committed to introduce reform in various sectors, in the face of various challenges, to address the long outstanding structural issues and to attain sustainable and inclusive growth.

The adviser said the government has taken steps to improve the revenue collection through broadening of tax base, capturing retail sales, single-window operations, as well as Track and Trace System.

Efforts are being made to complete the remaining prior actions under the capital markets development programme to disburse it within time, he added.

Hurley appreciated and supported the efforts taken by the present government in social and economic sectors for improvement in the economy of Pakistan.

He reaffirmed the bank’s commitment to continue support for the implementation of structural reforms in the future.

The adviser thanked Hurley and his team for their continuous support and facilitation.

ADB country director Yong Ye, finance secretary, and senior officers participated in the meeting.

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