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Islamic Banks's president meets finance minister
APP
ISLAMABAD – Islamic Development Bank (IDP) President Dr Ahmad Mohamed Ali Al Madani met with Minister for Finance and Economic Affairs Senator Ishaq Dar on the sidelines of the World Bank and the IMF meetings in Washington on Monday.
The finance minister shared with the president, successful negotiations and signing of CASA-1000 Transit Pricing Agreement between Pakistan and Afghanistan says a message received here from Washington. Dar extended his gratitude for the consistent support from the Islamic Development Bank under the leadership of Dr Ahmad. Senator Dar apprised the president of his recent productive meeting with Madeleine Albright.
Dar expressed his satisfaction on the progress of IDB sponsered projects in Pakistan and assured that further steps will be taken by the government to ensure expeditious completion of these projects, while the projects in the pipeline were being considered on priority. He thanked the president for IDB assistance in UCH Power Plant and Neelum Jhelum Project.
The president opined that the cooperation between IDB and government of Pakistan would continue to increase. He assured that disbursements for ongoing projects will be made without any delays. Dar also apprised the president about the financial and social impact of North Waziristan operation as well as flash floods that have rendered thousands of people dislocated and displaced.
He said that an estimated expenditure of $2 billion for IDPs and $800 million for the flood affectees' rehabilitation will incur for which international donors' assistance has been solicited. The finance minister apprised the president of positive trends exhibited by Pakistan's economy endorsed by international rating agencies like JETRO and Moody's. Dar reiterated resolve of the government to pursue reform agenda which will yield dividends both in the short and long term.
Courtesy www.dailytimes.com.pk