PM, IDB President discuss new collaboration avenues

Paris: Prime Minister Muhammad Shehbaz Sharif underscored that Islamic Development Bank's (IDB) beneficial partnership with Pakistan will go a long way in helping the people of the country to rebuild their lives and livelihoods after devastating floods last year.

He was talking to President of IDB, Dr. Muhammad Al Jasser, who called on him on the sidelines of the New Global Financial Pact Summit being held in Paris, France today (Friday).

Prime Minister also emphasized on the partnership in support of the sustainable development objectives of the Government of Pakistan.

He lauded the Islamic Development Bank's announcement to provide 4.2 billion dollars support to Pakistan's post floods recovery.

During the meeting, long-standing cooperation and engagement between Pakistan and Islamic Development bank was also discussed.

Shehbaz Sharif and IDB President took stock of the progress on various ongoing projects and exchanged views on new avenues of collaboration.

The premier thanked Dr. Al Jasser on behalf of the Government and people of Pakistan for Bank's participation in the International Conference on Climate Resilient Pakistan held in Geneva on January 9, 2023.

He acknowledged the personal contribution and leadership role of Dr. Al Jasser in galvanizing this huge volume of financial support.

Prime Minister also briefed Dr. Al Jasser on the recently formed Special Investment Facilitation Council to streamline foreign investments in the country and provide a one-window solution to address all concerns of foreign investors.

He renewed the invitation to President of Islamic Development Bank to visit to Pakistan at his earliest convenience.