The Asian Development Bank (ADB) will extend an annual assistance package of $2 billion to Pakistan over the next three years, ADB President Masatsugu Asakawa announced during a meeting with President Asif Ali Zardari in Islamabad. This significant financial support aims to boost infrastructure development and promote climate resilience in the country.
ADB PRESIDENT PRAISES ECONOMIC RECOVERY IN PAKISTAN
During the meeting, President Masatsugu Asakawa praised Pakistan’s recent economic recovery efforts and stabilization. He reaffirmed the bank’s commitment to collaborating with Pakistan on key developmental projects that align with climate adaptation and infrastructure growth.
PRESIDENT ZARDARI SEEKS FURTHER SUPPORT FOR CLIMATE CHANGE MITIGATION
President Asif Ali Zardari, acknowledging the ADB’s ongoing support, called for further assistance to mitigate the impacts of climate change, which have severely affected Pakistan’s economy. He specifically mentioned the devastating floods of 2022, which wreaked havoc on the country’s infrastructure and economy.
Zardari highlighted the importance of continued support from the Asian Development Bank to help Pakistan overcome both economic challenges and climate-related crises. He expressed gratitude for ADB’s role in advancing the socio-economic development of the country.
