Islamabad, June 25, 2014 (PPI-OT): Finance Minister Senator Ishaq Dar met with President Islamic Development Bank (IDB) Dr Ahmed Mohammed Ali here today and congratulated him on his re-election as President IDB and also on 40th Anniversary of IDB. They also discussed matters relating to further enhancing relations between Pakistan and IDB in various projects.
Secretary Economic Affairs Division Saleem Sethi, Consul General Aftab A Khokher and senior officers from IDB were also present during the meeting. The Finance Minister also conveyed Prime Minister Nawaz Sharif’s good wishes for the President IDB and the President reciprocated very warmly.
President IDB thanked the Minister for his visit and also offered full support from IDB in enhancement of partnership role in economic development of Pakistan. He said that Pakistan is an important member country of the IDB and assured Bank’s support in the implementation of the plans and priorities set by the government of Prime Minister Mohammad Nawaz Sharif
President IDB Dr Ahmed Mohammed Ali congratulated Finance Minister Ishaq Dar on making a good statement in BOG meeting which contained various important suggestions and IDB will benefit from the ideas contained in speech and practical measures will be taken in this regard.
Referring to recent visit of President IDB to Pakistan, Finance Minister Ishaq Dar appreciated his personal interest in polio eradication in Pakistan and acknowledged IDB’s role in organizing the International Ulema Conference in Islamabad to mobilize opinion for polio eradication. He appreciated the support for the Polio Eradication Programme (US $227 million) which is an important government priority.
The Finance Minister informed the President IDB that the economic policies pursued during the last one year by the Government of Pakistan has started producing positive impact on the overall economy of the Country.
He said that with the successful launch of Eurobond in the international market, auction of 3 G/ 4 G Spectrum, WB support to Pakistan for IDA 16 including Dasu hydro power project, ADB assistance for Jamshoro power project and successful divestment of UBL shares, the confidence of international investors in Pakistan is overwhelming.
President IDB Dr Ahmad Mohammed Ali reiterated his resolve that IDB is ready to play its role to help Pakistan in enhancing its relations with the Islamic world and the African countries. He informed that IDB will support cooperation among the Islamic Umma. He also mentioned that IDB will help promote trade relations among the Islamic countries and Pakistan will be assisted in enhancing its exports to the Islamic countries.
He also committed to remain engaged with Pakistan on polio eradication and its developmental projects including Neelum Jhelum Hydro power project, Jamshoro coal power project and CASA 1000. He hoped that Pakistan will continue to progress and emphasized that the IDB will do whatever it can to help Pakistan develop as per aspiration of its people and leadership.
The Finance Minister Ishaq Dar also informed President IDB about his meetings and also congratulated President IDB on excellent arrangements made for IDB 40th Anniversary and 39th IDBG meeting.
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