Pakistan needs IFIs to create 2 million jobs annually: ADB

ISLAMABAD: Adviser to prime minister (PM) on establishment Shehzad Arbab met with the Asian development bank (ADB) delegation led by ADB country director Xiaohang Yang on Wednesday, ADB pointed out that the strong partnership with development stakeholders, the international financial institutions (IFIs), was critical for Pakistan to move onto higher, more sustainable and inclusive growth trajectory to create 2 million additional jobs annually.

According to an official statement, the ADB delegation highlighted that ADB was a proven development partner of Pakistan, fully committed to help the government successfully implement and deliver its socio-economic agenda to transform the country.

The ADB delegation also gave a detailed briefing about their programmes and initiatives across the sectors like finance, energy, water, urban infrastructure, agriculture, natural resources, rural development, transport, education, public sector management and health.

The delegation further discussed the new avenues of partnership and cooperation for transforming Pakistan.

Arbab welcomed the ADB delegation and shared the incumbent’s vision for transforming Pakistan. He thanked the ADB delegation on aligning their priorities with PM’s 100 days’ agenda aimed at bringing real transformation in the country.

Both sides committed for broadening of co-operation across the sectors aligned with PM 100 days’ agenda and expressed their firm resolve to continue to build upon the progress made so far.