May 10, 2024 (MLN): Minister for Economic Affairs Ahad Cheema has said that seven ongoing projects, totaling $522 million are currently being implemented across key sectors, including road infrastructure, information technology, and health.
The Minister made these remarks while chairing the kickoff meeting of Economic Development Cooperation Fund (EDCF) Country Programme Mission, led by Director of Asia team from EXIM Bank Bonhyun Koo, in Islamabad.
He also mentioned that new projects have been identified for execution in priority sectors such as Information and Communication Technology, climate change, construction and transport.
He also commended EXIM Bank for signing the Framework Arrangement (2022-26) and expressed the hope for full utilization of the 1,000 million dollars committed under this agreement.
Furthermore, it was noted that ten pipeline projects have already been shared with the EDCF, and their prompt implementation is anticipated.
The Minister reiterated Pakistan's commitment to strengthening cooperation with the EDCF and expressed confidence that with improved efficiency in project preparation and implementation, the two sides can maximize their collaborative potential.
