ADB urged to scale up lending for Pakistan

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ISLAMABAD, Jul 18 (APP):Federal Minister for Economic Affairs, Hammad Azhar Thursday urged the Asia Development Bank (ADB) to scale up its lending to Pakistan including programme lending and project financing.

He was talking to ADB Country Director, Ms. Xiaohong Yang who called on the minister here, according to press statement issued by the Ministry.

The Minister acknowledged the ADB’s support for Pakistan and discussed key priority areas and new avenues for future interventions.

The Minister reiterated that the government was keen to explore innovative financing models and mobilize investment in infrastructure and social sectors. These initiatives will not only provide fiscal space to the government but also help boost economic activities in the country, he added.