Shehbaz Sharif lauds ADB’s financing across key economic sectors

Islamabad: The Asian Development Bank on Tuesday expressed its readiness to continue working closely with Pakistan in addressing its economic challenges.

The commitment was expressed by a delegation of Executive Directors of the Asian Development Bank of China, Japan and South Korea, which called on Prime Minister Muhammad Shehbaz Sharif in Islamabad today.

The delegation expressed satisfaction over government's efforts in addressing big challenge of devastation caused by the recent floods.

Speaking on the occasion, the Prime Minister expressed gratitude for ADB's longstanding association with Pakistan and for being a reliable partner in the socioeconomic development of Pakistan.

He lauded ADB's generous support to Pakistan during 2022 floods.

The Prime Minister appreciated ADB's financing across key economic sectors of Pakistan, particularly transport, energy, climate change and social sector.

He expressed the hope that ADB would continue its strong partnership with Pakistan in addressing the country's macroeconomic challenges.

Shehbaz Sharif apprised the delegation of the 9th review under the IMF program and said it is progressing well with staff level agreement expected in the next few days.

The Prime Minister underlined that Pakistan was committed to complete the reforms agreed in the program.