AIRLINK 75.18 Increased By ▲ 0.33 (0.44%)
BOP 5.01 Increased By ▲ 0.03 (0.6%)
CNERGY 4.51 Increased By ▲ 0.02 (0.45%)
DFML 41.86 Increased By ▲ 1.86 (4.65%)
DGKC 86.75 Increased By ▲ 0.40 (0.46%)
FCCL 21.50 Increased By ▲ 0.14 (0.66%)
FFBL 33.80 Decreased By ▼ -0.05 (-0.15%)
FFL 9.74 Increased By ▲ 0.02 (0.21%)
GGL 10.51 Increased By ▲ 0.06 (0.57%)
HBL 114.50 Increased By ▲ 1.76 (1.56%)
HUBC 139.52 Increased By ▲ 2.08 (1.51%)
HUMNL 11.78 Increased By ▲ 0.36 (3.15%)
KEL 5.22 Decreased By ▼ -0.06 (-1.14%)
KOSM 4.67 Increased By ▲ 0.04 (0.86%)
MLCF 37.99 Increased By ▲ 0.19 (0.5%)
OGDC 139.26 Decreased By ▼ -0.24 (-0.17%)
PAEL 26.10 Increased By ▲ 0.49 (1.91%)
PIAA 22.20 Increased By ▲ 1.52 (7.35%)
PIBTL 6.85 Increased By ▲ 0.05 (0.74%)
PPL 123.67 Increased By ▲ 1.47 (1.2%)
PRL 26.96 Increased By ▲ 0.38 (1.43%)
PTC 14.00 Decreased By ▼ -0.05 (-0.36%)
SEARL 59.50 Increased By ▲ 0.52 (0.88%)
SNGP 68.72 Decreased By ▼ -0.23 (-0.33%)
SSGC 10.47 Increased By ▲ 0.17 (1.65%)
TELE 8.42 Increased By ▲ 0.04 (0.48%)
TPLP 11.25 Increased By ▲ 0.19 (1.72%)
TRG 64.18 Decreased By ▼ -0.01 (-0.02%)
UNITY 26.58 Increased By ▲ 0.03 (0.11%)
WTL 1.46 Increased By ▲ 0.01 (0.69%)
BR100 7,962 Increased By 124.5 (1.59%)
BR30 25,765 Increased By 313.3 (1.23%)
KSE100 76,185 Increased By 1070.6 (1.43%)
KSE30 24,484 Increased By 369.9 (1.53%)
Pakistan

Pakistan, ADB agrees to expand economic portfolio

  • Khusro Bakhtyar held a virtual meeting with the new Director General, the Central and West Asia Department of ADB Yevgeniy Zhukov.
Published March 29, 2021

ISLAMABAD: Pakistan and Asian Development Bank (ADB) on Monday agreed to continue discussing ways to deepen bilateral development partnership and ensure effectiveness of the ongoing economic portfolio.

Both sides discussed and agreed to expand cooperation in the areas of trade and competitiveness, social protection (Ehsaas Program), Public Private Partnership, ope-rationalization of the EXIM Bank, and Domestic Resource Mobilization, said a press release issued here.

Federal Minister for Economic Affairs Makhdum Khusro Bakhtyar held a virtual meeting with the new Director General, the Central and West Asia Department of the Asian Development Bank (ADB) Mr. Yevgeniy Zhukov.

The Secretary Economic Affairs Division Noor Ahmed and Country Director, ADB Ms. Xiaohong Yang, also joined the meeting.

The minister appreciated ADB’s role as a trusted development partner of Pakistan especially in terms of the quality of the portfolio and support keeping in view the emerging needs of the country that includes ADB’s timely support to fight the COVID-19 pandemic.

The minister highlighted that despite challenges posed by COVID19 and worldwide contraction, the key economic indicators were showing encouraging results owing to the government's strong commitment for the structural reforms.

The DG acknowledged the government of Pakistan’s commitment to reform the process and economic recovery.

He reiterated ADB’s commitment to work closely with the government of Pakistan to develop more meaningful projects aligned with the country’s needs and regulatory frameworks.

Comments

Comments are closed.