ADB to work closely with Pakistan in addressing its economic
challenges
A delegation
of Executive Directors of the Asian Development Bank (ADB) of Japan, China and
South Korea called on Prime Minister Shehbaz Sharif in Islamabad on Tuesday and
renewed ADB's resolve to continue working closely with Pakistan in addressing
its economic challenges.
The
prime minister lauded ADB's longstanding association with Pakistan and for
being a valuable partner in the socioeconomic development of Pakistan.
He
appreciated ADB's generous support in the wake of the 2022 floods.
The
prime minister appreciated ADB's financing across key economic sectors of
Pakistan, particularly transport, energy, climate change, and social sector.
He
expressed the hope that ADB's would continue its strong partnership with
Pakistan in addressing the country's macroeconomic challenges.
The
participants were apprised that the 9th review under the International Monetary
Fund (IMF) program was progressing well with staff-level agreement expected in
the next few days.
The
prime minister underlined that Pakistan was committed to complete the reforms
agreed in the program.
The ADB's executive directors expressed their deep satisfaction with the government's efforts in addressing the huge challenges of the devastation caused by the recent floods.