WASHINGTON DC: OCT 26 (DNA:Finance Minister held a meeting with Mr. Masatsugu Asakawa, President of the Asian Development Bank (ADB). He appreciated ADB’s partnership with Pakistan to support its development agenda and welcomed the launch of the new ADB office in Islamabad.
The Minister expressed hope for the early finalization of ADB’s Country Partnership Framework.
He commended ADB for completing the Capital Adequacy Framework and for exempting Pakistan from surcharges beyond exposure limits for the next three years.
Additionally, he appreciated ADB’s support for a Policy-Based Loan of USD 500 million for the Climate & Disaster Resilience Enhancement Program, scheduled for consideration by ADB’s Board on October 29.
Both sides agreed on the importance of domestic revenue mobilization, regional cooperation, and the timely completion of ADB’s new office in Islamabad.
