ISLAMABAD: The Asian Development Bank (ADB) has planned to support Pakistan with indicative lending of up to $10 billion for various development projects and programmes during the next five years. Economic Affairs Division Secretary Noor Ahmed, ADB Senior Advisor for Central and West Asia Muhammad Ehsan Khan, ADB Country Director for Pakistan Xiaohong Yang, and ADB’s Director for Regional Cooperation and Operations Safdar Parvez also discussed challenges and the priorities that the country partnership strategy should address. “The new country partnership strategy is being formulated at an important juncture. ADB has planned to support Pakistan with indicative lending of up to $10 billion for various development projects and programs during the next five years. Pakistan became a founding member of ADB in 1966 and since then has received $32 billion in project assistance.

Source: Pakistan Today July 08, 2019 16:39 UTC