ADB lauds macroeconomic progress, sovereign rating upgrades
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, on Wednesday held a meeting with Yingming Yang, Vice President (South, Central and West Asia), Asian Development Bank (ADB), who called on the Minister, along with his team, to discuss Pakistan–ADB cooperation, structural reforms, investment, private-sector development and access to finance. Yingming Yang…
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met with Vice President Yingming Yang of the Asian Development Bank (ADB) on Wednesday to discuss Pakistan's progress and cooperation with the institution. Yang praised the government for stabilising the macroeconomy and highlighted improvements in fiscal management, external accounts and overall economic stability.
The minister appreciated ADB's support for structural reforms and investment, and noted that the focus was shifting towards sustainable and inclusive growth. The meeting addressed access to finance, particularly for small and medium enterprises, and the importance of integrating these businesses into global value chains. ADB reaffirmed its commitment to supporting Pakistan's development priorities and aligning future assistance with the government's focus on private-sector-led growth, export competitiveness, infrastructure development and social protection.
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