Country Director, Asian Development Bank, Mr. Yong Ye calls on the Federal Minister for Economic Affairs, Sardar Ayaz Sadiq today. Minister for Economic Affairs welcomed the ADB’s Mission to Pakistan led by The Country Director Mr. Yong Ye, Deputy Country Director Mr. Asad Aleem and Mr. Shaukat Shafi Senior Project Officer in the Ministry today to discuss the ongoing ADB portfolio in Pakistan. Matters of mutual interest were discussed in the meeting. Minister for Economic Affairs appreciated ADB’s long standing and trusted partnership since 1966 and generous and timely support of over US$ 25 billion, for priority areas, including economic reforms, energy, road & transport, agriculture & water and social sector. The Country Director ADB briefed the Minister about ADB’s support to Pakistan in pre and Post-Covid days. ADB supported Pakistan in areas Energy, Transport, Agriculture and Natural Resources, Fiscal Policy making, Domestic Resource Mobilization Public Financial and Debt Management, Public Private Partnership, SME Development, Financial and Capital Market, Housing and Green Finance. The Minister appreciated the efforts and highlighted the current flood situation of the country and expressed the need of collaboration to strengthen flood resilience. Minister for Economic Affairs appreciated the ADB assistance in the economic stabilization of the country during the testing times of the Pandemic. He urged the ADB Director to also extend support in other areas like value added and robust cold chain industry in agriculture commodities. He further apprised the ADB that owing to current commodity and energy high prices across the globe, there is high need for early approval of Counter Cyclical Facility. The Minister expressed gratitude to the Country Director ADB for visiting the Ministry. The CD ADB also assured ADB’s continued support for the priority government sectors highlighted in the meeting.
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