Country Director Assures ADB's Continued Support For Priority Sectors.

ISLAMABAD -- Federal Minister for Economic Affairs, Sardar Ayaz Sadiq on Friday urged the Asian Development Bank to extend its support in areas like value added and robust cold chain industry in agriculture commodities.

Country Director, Asian Development Bank, Yong Ye called on the Federal Minister for Economic Affairs, Sardar Ayaz Sadiq. Minister for Economic Affairs has welcomed the ADB's Mission to Pakistan. Matters of mutual interest were discussed in the meeting. Minister for Economic Affairs appreciated ADB's long standing and trusted partnership since 1966 and generous and timely support of over US$ 25 billion, for priority areas, including economic reforms, energy, road and transport, agriculture and water and social sector.

The country director ADB briefed the minister about ADB's support to Pakistan in pre and post-Covid days. ADB supported Pakistan in following areas: energy, transport, agriculture and natural resources, fiscal policy making, domestic resource mobilization public financial and debt management, public private partnership, SME development, financial and capital market, housing and green finance. The minister appreciated the efforts and highlighted the current flood situation of the country and expressed the need of collaboration to strengthen flood resilience.

Minister for Economic Affairs appreciated the ADB assistance in the economic stabilization of the country during the testing times of the pandemic. He urged the ADB Director to also extend support in other areas like value added and robust cold chain industry in agriculture commodities. He further apprised the ADB that owing to current commodity and energy high prices across the globe, there is high need for early approval of Counter Cyclical Facility.

The minister expressed gratitude to the Country Director ADB for visiting the Ministry. The CD ADB also assured ADB's continued support for the priority government sectors highlighted in the meeting.

Meanwhile, Federal Minster for Economic Affairs, Sardar Ayaz Sadiq warmly welcomed the Ambassador of Denmark to Pakistan, Ms Lis Rosenholm in Ministry of Economic Affairs to discuss Inter-Governmental Framework Agreement between the Government of Kingdom of Denmark and Government of Islamic Republic of Pakistan. Matters of mutual interest were discussed in the meeting.

Minister Ayaz Sadiq apprised the ambassador that Pakistan and Denmark enjoy a friendly and cordial relationship and a lot potential exist to...