Senator Ishaq Dar, Minister for Finance, Revenue and Economic Affairs held a meeting with Takehiko Nakao, President Asian Development Bank (ADB) here. Various matters related to ADB financed development projects in different sectors came under discussion. Finance Minister appreciated ADB's support to the CAREC initiative which was helping to bring the member countries closer through cooperation in areas like trade and transportation.
He said the regional connectivity was extremely important for the member countries of CAREC as that region had lacked regional trade and cooperation in the past compared to other regions in the world. He said ADB's support to CAREC Institute was also commendable and hoped that the Institute would play its due role in devising innovative solutions for regional development issues. Nakao thanked the Minister for his continued encouragement for ADB supported initiatives in Pakistan and assured to further enhance the level of cooperation in the years to come.
He said ADB would continue to lend financial and technical support to the CAREC member countries wishing to enhance regional cooperation. He said there was immense potential for regional connectivity projects in the CAREC region. Finance Minister and President ADB also discussed matters related to various on-going ADB funded projects in Pakistan as well those in the pipeline.