ADB President to pay 3-day visit to Pakistan from Monday

Liepach offers help: We have expertise in dealing with natural calamities

ISLAMABAD (DNA):President Asian Development Bank Takehiko Nakao will pay a three-day visit to Pakistan from Monday to discuss the overall macro-economic situation of the country with the Government’s economic team.

He would start his visit by a meeting with Finance Minister Ishaq Dar.

The ADB President will also call on President and Prime Minister and exchange views on providing assistance to resolve the critical issues facing the national economy.

Country Director Asian Development Bank Werner Liepach called on Finance Minister Ishaq Dar in Islamabad Saturday and discussed the details of the upcoming visit of ADB President.

In the meeting, Leipach extended condolences on behalf of ADB President on the loss of life and colossal damage caused by the recent floods in Pakistan said, “ We have deep felt sympathies for the people of Pakistan and, in order to make our relationship more meaningful, we would like to help the people of Pakistan because we have the experience and expertise in dealing with natural clamities like the typhoon Ulanda in Philippines and can gladly share our experience with Pakistan in the reconstruction work”.

Finance Minister appreciated the concern of the ADB President and asked Leipach to convey his thanks to the ADB President.

Finance Minister welcomed the planned visit of President Nakao at his invitation to Pakistan and hoped that the visit would help in ADB better undertstanding Pakistan’s development priorities as well as critical issues facing the country.

He thanked Mr. Leipach for co-ordinating the visit of Mr.Nakao and stated that “ It speaks volumes about the nature of our relationship which is intact and is development oriented. We want the upcoming visit to be fruitful through discussion on projects of national importance”.

Finance Minister also expressed pleasure at ADB’s  interest in Islamic mode of financing and said that “We shall issue Sukuk soon and hope that it will be as much oversubscribed as Eurobond”.



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