News Column

ADB President lauds Pakistan’s economic performance

May 7, 2014

President Asian Development Bank (ADB), Takehiko Nakao Tuesday appreciated Pakistan government’s efforts in bringing back the country’s economy on right track, in less than a year, by implementing structural reforms and stabilization measures.

The ADB President was talking to Finance Minister Senator, Ishaq Dar who met him at Astana, Kazakhstan.

Nakao stated that if efforts continued, Pakistan has the great potential to become a robust economy in next few years with high growth, low inflation, employment generation and infrastructure development.

On the occasion, the Finance Minister thanked President ADB for the Bank’s continued support to Pakistan, specially recently approved assistance of US $900 million for Jamshoro Power Project, US $400 million Development Concessionary Program loan and US $430 million support for Income Support Program for vulnerable population of Pakistan.

The Finance Minister invited President ADB to visit Pakistan which later accepted. Details for his visit in September will be worked out in due course by two sides.

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Source: Frontier Star (Pakistan)

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