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ADB indicates additional support to Pakistan of $ 2.5b FY22-23

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Minister of State for Finance and Revenue, Dr. Aisha Ghaus Pasha has said that the Asian Development Bank (ADB) has always assisted in pursuance of reform and development agenda in the country.

She was speaking during her meeting with Country Director ADB, Mr. Yong Ye and his team at Finance Division on Thursday. Senior officers of Ministry of Finance were also present in the meeting.

Welcoming the team from ADB, Dr. Aisha Ghaus acknowledged the all-weather and trusted partnership of ADB with Pakistan especially in the areas of energy, education, and fiscal & debt management. She further stated that currently Pakistan is facing various fiscal and monetary challenges but the incumbent government is keenly working on various structural reform measures to bring back the economy on an inclusive and sustainable growth path.

The Country Director ADB briefed the Minister of State on ADB’s portfolio and the country strategy. It was shared that ADB is devoted for providing the support for reform agenda of SOEs governance and regulations, women inclusive finance sector development and PPP frameworks. Moreover, ADB indicated the additional support of $ 2.5 billion for the next FY, from which $1.5-2 billion can be available in the ongoing calendar year. In her concluding remarks, Minister of State for Finance and Revenue Dr. Aisha Ghaus Pasha thanked Mr. Yong Ye and his team for their dedication and assured them of full support and speedy implementation of the ongoing programs.

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