Pakistan, ADB reaffirm commitment to strengthen partnership

Pakistan and Asian Development Bank (ADB) have reaffirmed their commitment to strengthening the partnership.

Country Director of the Asian Development Bank (ADB), Young Ye called on Minister for Finance & Revenue Muhammad Aurangzeb at Finance Division yesterday to discuss ongoing collaborations and future initiatives aimed at fostering economic development in Pakistan. ADB Country Director, Young Ye congratulated Minister for Finance and Revenue on staff level agreement with the IMF and stated that the market has positively responded to the development.

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