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PR No. 36 FINANCE MINISTER’S MEETING WITH JICA Islamabad

Finance Minister, Senator Mohammad Ishaq Dar met JICA Delegation, headed by Mr. Yasushi Kanzaki, Vice-President JICA, here on the sidelines of the ADB’s Annual Board of Governors Meeting, says a press release received here today from Frankfurt.

The Finance Minister appreciated the Government of Japan / JICA for their continued support for economic development of Pakistan. He expressed gratitude for Government of Japan’s financial assistance which stands at US$ 1.4 Billion.

The Minister also thanked the Japanese delegation for Japan’s contribution of US$ 50 million during 2014-15 and further commitment of US$ 43 million (approx) for 2015-16 for Energy Sector reforms Programme (II).  He informed the Japanese side that Karachi Circular Railway is a project of national importance and urged Mr. Kanzaki to expedite action for providing firm commitment for funding the project. The Minister expressed his desire for enhancing the level of economic cooperation between the two countries.

The JICA delegation reciprocated the intention of enhancing the level of bilateral cooperation. Matters relating to ongoing projects being funded by JICA in Pakistan also came under discussion. It was noted that these projects were making satisfactory progress.

Mr. Tariq Bajwa, Secretary EAD and other members of Pakistan’s delegation also attended the meeting.

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