ISLAMABAD – The Asian Development Bank (ADB) on Saturday offered help to the people of Pakistan in the wake of devastating floods in different parts of the country.

“We have deep felt sympathies for the people of Pakistan and, in order to make our relationship more meaningful, we would like to help the people of Pakistan because we have the experience and expertise in dealing with natural clamities like the typhoon Ulanda in Philippines and can gladly share our experience with Pakistan in the reconstruction work”, said Country Director ADB Werner Leipach.

The country director was called on the Federal Minister for Finance Senator Mohammad Ishaq Dar to discuss the details of the upcoming visit of the President Asian Development Bank Takehiko Nakao. In the meeting, Leipach also extended condolences on behalf of ADB President on the loss of life and colossal damage caused by the recent floods in Pakistan
Finance Minister appreciated the concern of the ADB President and asked Leipach to convey his thanks to the ADB President. Finance Minister welcomed the planned visit of President Nakao at his invitation to Pakistan and hoped that the visit would help ADB in better understanding Pakistan’s development priorities as well as critical issues facing the country. He thanked Leipach for coordinating the visit of Nakao and stated that “It speaks volumes about the nature of our relationship which is intact and is development oriented. We want the upcoming visit to be fruitful through discussion on projects of national importance”.Finance Minister also expressed pleasure at ADB’s interest in Islamic mode of financing and said that “We shall issue Sukuk soon and hope that it will be as much oversubscribed as Eurobond”.

The President of the Asian Development Bank is coming to Pakistan on Monday for a three-day visit. He will kick off his visit by meeting the Finance Minister and will also call on the President and the Prime Minister. The government’s economic team will discuss with him the over all macro-economic situation in the country and ADB’s assistance in solving the critical issues facing the economy. The meeting was attended by senior officials of the Ministry of Finance as well as Economic Affairs Division.

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