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Ishaq Dar meets President Asian Development Bank

Islamabad, May 06, 2014 (PPI-OT): Finance Minister Senator, Ishaq Dar met with the President of Asian Development Bank (ADB), Mr. Takehiko Nakao at Astana here today.

The Finance Minister thanked President ADB for the Bank’s continued support to Pakistan, especially recently approved assistance of US $900 million for Jamshoro Power Project, US $400 million Development Concessionary Program loan and US $430 million support for Income Support Program for vulnerable population of Pakistan.

President ADB deeply appreciated Pakistan’s Government efforts in bringing back the Country’s Economy on right track by implementing structural difficult reforms and stabilization measures in less than a year, with very positive results. He stated if efforts continue, Pakistan has the great potential to become a robust economy in next few years with high growth, low inflation, employment generation and infrastructure development.

The Finance Minister invited President ADB to visit Pakistan which was accepted. Details for his visit in September will be worked out in due course by the two sides.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

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