{"id":113863,"date":"2024-09-16T16:00:49","date_gmt":"2024-09-16T11:00:49","guid":{"rendered":"https:\/\/pni.net.pk\/en\/?p=113863"},"modified":"2024-09-17T22:32:41","modified_gmt":"2024-09-17T17:32:41","slug":"adb-president-asakawa-lauds-pakistans-economic-reform-agenda-reaffirms-support","status":"publish","type":"post","link":"https:\/\/pni.net.pk\/en\/pakistan-news\/adb-president-asakawa-lauds-pakistans-economic-reform-agenda-reaffirms-support\/","title":{"rendered":"ADB President Asakawa lauds Pakistan\u2019s economic reform agenda, reaffirms support"},"content":{"rendered":"<p> ISLAMABAD, Sep 16  :Asian Development Bank (ADB) President Masatsugu Asakawa, accompanied by his delegation, met with Prime Minister Muhammad Shehbaz Sharif and commended his government for its comprehensive reforms and reaffirmed ADB\u2019s continued support for Pakistan.<br \/>\nADB President Asakawa lauds Pakistan\u2019s economic reform agenda, reaffirms support<br \/>\nDuring the discussions, Asakawa praised Pakistan\u2019s long-standing relationship with ADB as one of its founding members.<\/p>\n<p>He also reaffirmed ADB\u2019s support for infrastructure development, climate resilience, and institutional reforms in Pakistan.<\/p>\n<p>While appreciating ADB\u2019s long-standing and steadfast support to Pakistan, the prime minister informed the visiting president about a series of reforms introduced by the government. The key reforms include enhancing tax revenues, improving financial sustainability of the energy sector, enhancing climate resilience, reduction in untargeted subsidies and scaling up social protection.<br \/>\nADB President Asakawa lauds Pakistan\u2019s economic reform agenda, reaffirms support<br \/>\nThe prime minister emphasized that he is personally overseeing the progress of these reforms to ensure their successful implementation and long-term impact, underscoring the Government\u2019s commitment to sustainable economic growth and stability.<br \/>\nThe prime minister appreciated ADB\u2019s generous support of over US$ 1.5 billion in response to the devastating floods of 2022. He showed Pakistan\u2019s keen desire to work with the development partners in climate resilience projects including agriculture.<\/p>\n<p>The prime minister and president of ADB also witnessed the loan signing of the Sindh Emergency Housing Reconstruction Project amounting to US$400 million and Khyber Pakhtunkhwa Rural Roads Development Project worth US$320 million.<br \/>\nBoth these projects are part of the ADB\u2019s flood commitments.<br \/>\nADB President Asakawa lauds Pakistan\u2019s economic reform agenda, reaffirms support<br \/>\nFederal Ministers for Planning &#038; Development, Investment &#038; Privatization, Economic Affairs, Finance &#038; Revenue and other senior government officials also attended the meeting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD, Sep 16 :Asian Development Bank (ADB) President Masatsugu Asakawa, accompanied by his delegation, met with Prime Minister Muhammad Shehbaz Sharif and commended his government for its comprehensive reforms and reaffirmed ADB\u2019s continued support for Pakistan. ADB President Asakawa lauds Pakistan\u2019s economic reform agenda, reaffirms [&#8230;]<\/p>\n<p>\n","protected":false},"author":16,"featured_media":113865,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-113863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ADB President Asakawa lauds Pakistan\u2019s economic reform agenda, reaffirms support<\/title>\n<meta name=\"description\" content=\"ADB President Asakawa lauds Pakistan\u2019s economic reform agenda, reaffirms support\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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