ADB reaffirms commitment to strengthen reform programs in Pakistan

March 14, 2022: Mr Shixin Chen, Vice President Asian Development Bank (ADB) re-affirmed the bank’s commitment to continue support for strengthening reform programs and implementation of the country’s development agenda including fiscal management, building resilience and boosting competitiveness and development of the private sector, during a meeting with Federal Minister for Finance and Revenue Mr Shaukat Tarin on Monday.

Welcoming Mr Shixin Chen, Finance Minister Mr Shaukat Tarin said that the ADB has always been a source of support in pursuing reform agenda and implementing various development projects for the country.

He acknowledged the longstanding partnership and firm commitment of Asian Development Bank as a major partner for bringing essential reforms in priority areas including energy, fiscal & debt management and socio-economic development.

The Finance Minister gave an overview of the country’s economic situation and emphasized that the Government is committed to introducing reforms in various sectors, in the face of various challenges, to address the long outstanding structural issues and to attain sustainable and inclusive growth.

The Finance Minister informed that the Government has taken steps to improve the revenue collection through the broadening of the tax base, capturing retail sales, single-window operations as well as track and trace system. The Minister also shared steps taken to help the underprivileged segment of the society through the Kamyab Pakistan program, which he said would help them to achieve self-sufficiency.

Mr Shixin Chen appreciated and supported the efforts taken by the present government in social and economic sectors for improvement in the economy of Pakistan.

Press Release