Pakistan to achieve 7pc growth rate with ADB aide worth 2.5b

May 05, 2017
Ishaq Dar ISLAMABAD: Federal Finance Minister Muhammad Ishaq Dar said Pakistan will hopefully get financial allocation of 2.5 billion dollars as infrastructural financing from Asian Development Bank. In an interview with APP, he said it would help country’s economy to post 7 per cent growth rate by 2019. The Minister said ADB has already agreed in principle for enhancing its annual financial allocation for Pakistan to two billion dollars. The Finance Minister while citing Pakistan’s long partnership with the ADB said the bank extended financial support valuing 1.2 billion dollars for infrastructure project last year. Moreover, he added that the bank has made commitments of 1.2 billion dollars for National Disaster Risk Management Fund, out of which 200 million dollars have already been released by the bank. Muhammad Ishaq Dar said the government has strategized its measures and arrangements to deal with the flood calamity, as there was no strategy earlier in place to handle flood-stricken situation in the country. –SAMAA/APP

Economy

Ishaq Dar

asian development bank

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