Werner Liepach calls on Dar

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ISLAMABAD, June 13 (APP): The Country Director, Asian Development Bank (ADB), Werner Liepach called on Finance Minister, Senator Mohammad Ishaq Dar here on Monday.

Liepach briefed the Minister regarding the visit of ADB Vice President to Pakistan from June 15 to 20, said a statement issued here.

He informed that the Vice President among other official engagements would also participate in the signing ceremony for additional financing for M-4, Shorkot-Khanewal highway Project.

Dar said that he was looking forward to receive the ADB Vice President.

Liepach also discussed matters relating to the upcoming Ministerial meeting of the Central Asian Regional Economic Cooperation (CAREC), to be held in Islamabad later this year.

It was noted that the arrangements for the meetings were progressing smoothly.

Pakistan has been actively participating in the CAREC activities, since joining the group in 2010.

ADB is supporting development of trade and transportation corridors in Central and South Asian region, promoting regional connectivity.

The ADB’s current portfolio for Pakistan also came under discussion.

Liepach informed the Minister that most of the projects were
progressing as per the timelines.

He also stated that ADB’s financing programme in Pakistan for the next three years was presently being discussed with the Economic Affairs Division.

Finance Minister Ishaq Dar appreciated the continued support of Asian Development Bank for the socio-economic development of Pakistan.
Senior officials of Ministry of Finance attended the meeting.