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Mettis Global News
Mettis Global News
Mettis Global News

CPI Preview: Inflation to fall below 14% YoY in May

Pakistan, ADB to further strengthen cooperation: Hafeez Shaikh

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January 22, 2020: Advisor to Prime Minister on Finance and Revenues, Dr Abdul Hafeez has said that Pakistan looked forward to further strengthening partnership with Asian Development Bank (ADB) under the leadership of its new President, Masatsugu Asakawa.

Talking to media persons at the sidelines of World Economic Forum (WEF) annual meeting at Davos today, he said that the Prime Minister of Pakistan, Imran Khan had an excellent meeting with the new ADB President.

He thanked ADB for supporting Pakistan through various financing tools, which he said have helped turn around the economy of the country “We are thankful to the ADB for the special financing tools they have adopted to support Pakistan and this is an excellent partnership, and they have contributed in a significant way in a turnaround our economy,” the Advisor added.

Speaking on the occasion, ADB President, Masatsugu Asakawa said that it was an honour for him to meet Pakistani Premier, which he said was his first official meeting with Pakistan after assuming the job.

He said that Pakistan had been a very good partner of the bank for the last fifty years and was also one of the founding members of the bank. He said that Pakistan and ADB were maintaining beautiful relationship for years.

Especially last year, he added, when Pakistan entered into the International Monetary Fund (IMF) Programme, ADB decided to support Pakistan’s reform agenda as much as possible including its agenda on monetary policy, fiscal policy and taxation issues.

He said that the bank also desired to support Pakistan’s Ehsas programme, which was targeted to support the poor.

He expressed the hope that the cooperation between Pakistan and ADB would continue adding that he would be visiting Pakistan soon to discuss programmes of future cooperation.


Posted on: 2020-01-22T16:28:00+05:00