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Pakistan, ADB agree to further strengthen cooperation


Aizbah KhanWeb Editor

22nd Jan, 2020. 08:52 pm
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ABD Approves $300mn to help Pakistan's financial sector

President of Asian Development Bank Masatsugu Asakawa called on Prime Minister Imran Khan on the sidelines of at World Economic Forum 2020 in Davos.

According tomthe details, Advisor on Finance Dr. Abdul Hafeez Sheikh, Governor State Bank of Pakistan Raza Baqir, Ambassador at large on investments Ali Jehangir Siddiqui were also present.

Meanwhile, Advisor on Finance Dr. Abdul Hafeez Sheikh, while talking to media alongwith President of Asian Development Bank Masatsugu Asakawa, expressed gratitude to the ADB over adopting special financing tools to support Pakistan.

He said this is an excellent partnership and they have contributed in a significant way in turnaround in our economy.He said we look forward to further strengthen the partnership with ADB.

IMF President calls on PM Khan in Davos

Speaking on the occasion, the President of ADB said Pakistan and ADB have very cordial relations for years. He said Pakistan has been very good partner for ADB for more than fifty years.

He said we have decided to support the Pakistan’s reform agenda as much as possible including monetary policy, fiscal policy, taxation issues and Ehsaas program.

Hafeez Sheikh said that the bank also desired to support Pakistan’s Ehsas programme, which was targeted to support the poor.

The adviser expressed the hope that the cooperation between Pakistan and ADB would continue adding that he would be visiting Pakistan soon to discuss programmes of future cooperation.

He also thanked ADB for supporting Pakistan and said “We are thankful to the ADB for the special financing tools they have adopted to support Pakistan and this is an excellent partnership; and they have contributed in a significant way in a turnaround our economy.”

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