ADB plans major projects for Pakistan's economic development

November 18, 2024 (MLN): The Asian Development Bank (ADB) has quite a substantial pipeline for Pakistan with significant projects planned for economic reforms and socio-economic development, particularly policy and administration reforms, digitalization of FBR, private public partnerships, climate change, policy-based guarantees, financial and budgetary support, support in poverty reduction, and technical assistance in pension reforms.

A delegation of the Asian Development Bank (ADB) led by Senior Director Tariq H. Niazi called on Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb at the Finance Division today.

The meeting was also attended by ADB’s Country Director Emma Fan and her team in Pakistan.

Tariq H. Niazi briefed the Minister on ADB’s public sector management and governance initiatives aimed at ensuing stronger macro-fiscal management and effective governance with improved policy framework and institutional capacities in the Bank’s developing member countries.

Tariq Niazi said the ADB had quite a substantial pipeline for Pakistan with significant projects planned.

Senator Muhammad Aurangzeb lauded the ADB’s financial and technical assistance provided to Pakistan over the years.

He said the bank’s priority areas of assistance were aligned with Pakistan’s development needs.

He welcomed the Bank’s assistance in building climate resilience and taking forward the agenda of government and pension reforms.

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