ISLAMABAD: Finance Minister Ishaq Dar has knowledgeable a delegation of the Asian Development Bank (ADB) Wednesday approximately the devastation because of floods in Pakistan and its effect at the us of a’s financial system.
The Finance Ministry stated that the finance minister held a assembly with a delegation of the ADB headed with the aid of using its Country Director Yong Ye. The ADB us of a director has expressed sympathy over flood losses and said that the financial institution could offer flood comfort guide to Pakistan to the track of US$ 2.three to 2.five billion inclusive of US$ 1.five billion for the BRACE programme, so that it will be positioned earlier than the ADB Board for approval in the course of this month.
He additionally apprised the assembly approximately the continued and destiny tasks of the ADB in diverse sectors inclusive of social protection, and meals safety and power sectors. Regarding the Country Partnership Strategy for Pakistan 2021-25, it become shared that this approach is in keeping with the imaginative and prescient of the Government of Pakistan.
The finance minister favored the ADB’s function and guide in selling sustainable improvement in Pakistan and knowledgeable the delegation of the devastation because of the latest floods withinside the us of a and its effect at the financial system. He in addition said that Pakistan’s financial system confronted large challenges. The gift authorities with its pragmatic coverage selections has now no longer simplest arrested the decline however has additionally set the financial system withinside the proper direction. Dar additionally shared the priorities of the existing authorities.
The finance minister thanked the ADB delegation for his or her continual guide and confident them of complete cooperation with the aid of using the authorities for the speedy execution of the continued and destiny programs. Minister of State for Finance and Revenue Dr Aisha Ghous Pasha, Asad Aleem, Dy Country Director ADB, Kiyoshi Taniguchi Principal Economist ADB, Laisiasa Tora, Senior Public Management Specialist ADB and senior officials from the Finance Division participated withinside the assembly.
