Wednesday, 06 November 2024, 07:36:30 pm


 
ADB reaffirms support for Pakistan's reform agenda
October 09, 2024

A delegation of Executive Directors and Alternate Executive Directors of the Asian Development Bank met with Minister for Economic Affairs Ahad Khan Cheema in Islamabad.

The delegation is on Pakistan's visit from 6th to 12th of this month for consultations with the government and key stakeholders to better align ADB's support with Government's priorities.

During the meeting, Ahad Khan Cheema highlighted the strong partnership between Pakistan and ADB, reaffirmed during the recent visit of bank's President Masatsugu Asakawa.

The Minister articulated the government's commitment to a comprehensive reform agenda, focused on restoring macroeconomic stability and promoting sustainable growth. He highlighted key reform areas including digitization of the tax system to enhance revenue generation, energy sector improvements, and restructuring of state-owned enterprises.

The Minister also emphasized Pakistan's priorities for ADB's support in critical sectors including climate action, infrastructure development, and social uplift.

The visiting delegation reaffirmed its continuous support on government's agenda to implement structural reforms, generate fiscal space and stabilize the economy.

The visit of ADB's Executive Directors reinforces the robust collaboration between ADB and Pakistan, aimed at achieving sustainable development goals and enhancing economic stability in the country.

The delegation also visited the Benazir Income Support Programme's One Window Center in G-7, Islamabad, to review its operations. It commended the efficient operations and the range of services provided to women beneficiaries at the BISP One Window Center.