ISLAMABAD: Pakistan’s Finance Minister Ishaq Dar reiterated the government’s commitment to fulfilling all obligations and completing the existing IMF program. Dar made this statement during a meeting with a delegation of Executive Directors of the Asian Development Bank (ADB) on Monday.
The delegation included Liu Weihua, ED for the People’s Republic of China, Noor Ahmed, ED for Pakistan, Takahiro Yasui, ED for Japan, Sangmin Ryu, ED for Korea, Mr. Shunsuke Sakugawa, Adviser ADB, Ronald San Huan, Adviser ADB, and Yong Ye, Country Director, ADB.
The meeting was attended by Special Assistant to the Prime Minister (SAPM) on Finance Tariq Bajwa, SAPM on Revenue Tariq Mehmood Pasha, Secretary of Finance, and senior officers from the Finance Division. Dar welcomed the delegation and appreciated ADB’s role in promoting sustainable development in Pakistan.
Topics of discussion
During the meeting, Dar discussed the economic outlook of Pakistan and the challenges the country is facing, such as physical and financial losses due to devastating floods last year. The Finance Minister also informed the delegation about the government’s efforts to improve the economic situation in the country.
The ADB delegation was briefed on the progress made by Pakistan in various sectors, including infrastructure, energy, and agriculture. The delegation appreciated the government’s efforts to promote economic growth and sustainable development in the country.
Aim of the meeting
The meeting between Ishaq Dar and the ADB delegation was focused on strengthening the relationship between Pakistan and ADB. The Finance Minister reiterated the government’s commitment to fulfilling all international obligations and completing the existing IMF program. The ADB delegation appreciated Pakistan’s efforts to promote economic growth and sustainable development.
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Dar reiterates govt’s commitment
During a meeting with a delegation from the Asian Development Bank (ADB), the finance minister of Pakistan highlighted the government’s effective policy decisions that have stabilized and promoted economic growth. He explained that the government has made difficult decisions. Particularly the decisions in the energy sector, to reduce budget deficits and increase revenue generation. Additionally, the finance minister provided an update on the government’s discussions with the IMF Mission.
The ADB delegation praised the government’s reforms and policies in significant economic sectors that have resulted in sustainable economic development. The delegation also discussed climate financing and environmental protection with the finance minister.
Consequently, in response, the ADB delegation expressed their full support and cooperation towards Pakistan’s economic development.
