Asian Development Bank will provide two billion dollars in annual assistance to Pakistan over the next three years.
This was stated by President ADB Masatsugu Asakawa during a meeting with President Asif Ali Zardari in Islamabad.
The ADB President reaffirmed the bank’s commitment to support infrastructure development and climate-resilient initiatives in Pakistan.
Masatsugu Asakawa also commended the recent signs of economic recovery and stabilization in Pakistan.
On his part, President Asif Ali Zardari called for increased support from the Asian Development Bank to address the impacts of climate change.
He said the severe climate changes and devastating floods of 2022 had a profound impact on the economy.
He briefed the ADB President about the economic and climate-related challenges being faced by Pakistan.
Asif Ali Zardari appreciated the support of ADB towards the socio-economic development of Pakistan.
