Aurangzeb thanked ADB for its support in approving policy-based loan of $500 million for Natural Disaster Mitigation Programme


Washington: Federal Finance Minister Muhammad Aurangzeb's series of important meetings continue in Washington.
Federal Finance Minister Muhammad Aurangzeb met with the President of Asian Development Bank (ADB) in which the Finance Minister appreciated the contribution of ADB in supporting the development agenda of Pakistan.
The Finance Minister also welcomed the opening of a new office by the ADB in Islamabad and hoped that ADB's Country Partnership Framework would be completed soon.
Muhammad Aurangzeb appreciated the completion of the Capital Advocacy Framework and thanked ADB for its support in approving a policy-based loan of $500 million for the Natural Disaster Mitigation Programme.
The finance minister said that the board of the Asian Development Bank will consider the approval of the policy-based loan on October 29.
Meeting with US Assistant Secretary for Energy and Resources
Finance Minister Muhammad Aurangzeb also met the US Assistant Secretary for Energy and Resources on the sidelines of the annual meetings of the World Bank and the International Monetary Fund (IMF).
In the meeting, Aurangzeb thanked the US government for offering cooperation in the energy sector.
He also met the representatives of S&P Global and said that the rating agency will upgrade Pakistan's rating soon.
Finance Minister Muhammad Aurangzeb also met with the Secretary of the Digital Cooperation Organization, Dimah Al-Yahiya. In the meeting, the Finance Minister highlighted the importance of development possibilities in Pakistan's IT sector.
Muhammad Aurangzeb stressed the importance of digital infrastructure and digital economy and said that there should be cooperation in digital foreign investment and digital governance.

Source: Injury to Bolts' Mack not season-ending
- 4 hours ago

US vetoes Gaza ceasefire resolution for sixth time
- 33 minutes ago

An era of internet-addled violence is taking shape before our eyes
- 3 hours ago

The third Red Scare
- 3 hours ago

The SSD version of LaCie’s iconic Rugged drive gets a speed boost
- 5 hours ago

Can Luigi Mangione get too big to jail?
- 5 hours ago
Drone from Yemen crashes near hotel in Israeli city of Eilat
- 11 hours ago

The AI doomers are not making an argument. They’re selling a worldview.
- 3 hours ago

Charlie Kirk’s death got complicated by gamer brainrot
- 5 hours ago

Russia: 7.8 magnitude earthquake hits Petropavlovsk-Kamchatsky, tsunami warning issued
- an hour ago

The great mosquito resurgence
- 3 hours ago

Apple’s new iPhone charger is a first of its kind
- 5 hours ago