Asian Development Bank assured support to Pakistan in priority sectors including trade and energy. This was stated by Country Director, Asian Development Bank Xiaohong Yang while talking to Federal Minister for Economic Affairs Muhammad Hammad Azhar here on Thursday.
She updated the Minister about the ADB’s Programme Lending and Special Policy-Based Loan including Trade & Competitiveness Programme, Energy Sector Resilience Programme and Capital Market Reforms Program. She said ADB is committed to expanding this partnership to increase prosperity of the people of Pakistan.
The Minister acknowledged the ADB’s support for Pakistan and discussed key priority areas and new avenues for future interventions. He reiterated that the Government is keen to explore innovative financing models and mobilize investment in infrastructure and social sectors. He also urged the ADB to scale up its lending to Pakistan including programme lending and project financing.
Talking to Japanese Ambassador Kuninori Matsuda, here Azhar highlighted that investing in human capital, protecting poor and the vulnerable, completing institutional and governance reforms were high priorities of the current government saying the government would provide all possible facilities to Japanese investors.
According to a statement issued from the ministry, the Japanese ambassador conveyed keen interest of Japanese companies for investment in Pakistan in the export-oriented and import-substitution industries including agriculture, fisheries, food processing, home electronics, textile and auto part sectors.
He also expressed support for export promotion and the ways and means to expand trade between the two countries. The envoy reiterated commitment of his country to strengthen economic cooperation to support implementation of government’s reform agenda, read the statement.
He congratulated the minster on his appointment as the federal minister and assured of full support. The Minster briefed the Ambassador on the key priorities of the government and structural reforms agenda that is being executed to revive the economy.
The Ambassador reiterated commitment of his country to strengthen economic cooperation to support implementation of government’s reform agenda. He expressed intention of his country to provide financial support for implementation of high value flagship projects in the areas of sanitation and waste management, clean drinking water and other sectors.
The Minister thanked the Japanese Ambassador for his support and reiterated full support of the Government of Pakistan for the potential Japanese investors to facilitate their investment in Pakistan.