Asian Infrastructure Investment Bank has evinced interest in exploring future investments in Pakistan's energy transmission sector.
The interest was indicated by Vice President of the Asian Infrastructure Investment Bank Konstantin Limitovskiy during meeting with Federal Minister for Economic Affairs, Ahad Khan Cheema in Islamabad.
They discussed the Bank's projects, pipeline portfolio, and opportunities for new financing initiatives in Pakistan.
On the occasion, the Minister expressed gratitude for AIIB's steadfast support, particularly during the 2022 floods.
He commended the Bank's investment in Pakistan and recommended that AIIB enhance its presence in Pakistan at a senior level when the volume of investment increases.
The Minister acknowledged the Bank's commitment to the Project Preparation Special Fund for the Improvement and Widening of the N-5 Project.
Highlighting the government's priorities for regional connectivity and economic growth, he conveyed Pakistan's high regard for the Bank's support in infrastructure development.
He urged the Bank to consider financing the Sukkur-Hyderabad section of the Karachi-Peshawar Motorway (M-6), which would complete the motorway network from Karachi to Peshawar.
The AIIB Vice President, expressed confidence in the Economic Affairs Division's project review process and anticipated timely resolution of outstanding project issues.
He reaffirmed AIIB's commitment to prioritizing the N-5 Project.