Exports will reach $100 million per day in February 2022

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March 19, 2022: Vice President, Asian Development Bank (ADB), Shixin Chen on his five-day visit to Pakistan, reiterated ADB’s commitment to help Pakistan’s economic recovery from the coronavirus (COVID-19) pandemic and the development agenda of to support the country.

During his visit, Mr Chen met Prime Minister Imran Khan, key ministers and other senior government officials, according to a press release issued by the ADB on Saturday.

mr. Chen discussed ongoing and emerging areas of ADB support in meetings with Finance and Revenue Minister Shaukat Tareen; Minister of Economic Affairs and ADB Governor Omar Ayub; Energy Minister Hammad Azhar; Special Assistant to the Prime Minister on Climate Change Malik Amin Aslam; Vice Chairman of Planning Committee Muhammad Jehanzeb Khan; and Secretary Benazir Income Support Program Ismat Tahira among others.

“Pakistan’s people have shown remarkable resilience in the face of COVID-19 and the country’s rapidly building momentum towards economic recovery is testament to this,” said Mr Chen. “As one of Pakistan’s largest development partners, ADB has taken swift action to support Pakistan’s vaccination and social protection efforts and external financing needs. We will continue to work with government, private sector and other partners to further develop green, resilient and high-performance infrastructure; implement reforms; and strengthening key sectors essential to the country’s growth.”

Chen visited the National Power Control Center in the capital where he was briefed on the country’s power load management system and expansion plans under an ADB financing facility.

He visited a primary health care facility near the capital equipped with solar panels as part of ADB’s Access to Clean Energy Program, which has so far supplied solar facilities to more than 10,700 schools and more than 700 primary health units in mostly remote, off-grid areas. areas . Mr. Chen also visited the Ehsaas One Window Center in Islamabad for beneficiaries of Pakistan’s flagship social protection programme.

Chen also met with Punjab provincial finance minister Makhdum Hashim Jawan Bakht and planning and development council chairman Abdullah Khan Sumbal among other senior officials.

He discussed ADB’s support in strengthening private sector participation with Lahore Chamber of Commerce and Industry President Mian Nauman Kabir.

Since 1966, ADB has committed more than $36 billion in loans, grants and other forms of financing to promote inclusive economic growth in Pakistan and improve the country’s infrastructure, energy and food security, transportation networks and social services. The ADB-Pakistan Partnership Strategy, 2021-2025, focuses on three priorities: improving economic governance, building resilience and boosting competitiveness and private sector development.

ADB’s assistance helps improve macroeconomic management and resilience, as well as investment in infrastructure and urban sectors that support rural connectivity and urban services. The bank’s support for public-private partnerships and improved access to finance has boosted competitiveness and private sector development.

Going forward, ADB will support an enabling environment for digital transformation through policy improvements and strengthening public institutions and relevant infrastructure.

APP


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