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Pakistan has made notable progress in macroeconomic stability: Asian Development Bank

Asian Development Bank, which is one of the leading international financial institutions, has recently stated that Pakistan has made notable progress in macroeconomic stability.

The country has successfully completed the IMF programme for the first time also which is a positive sign of improvement in Pakistan’s economy and it is something appreciable.

ADB President Takehiko Nakao while addressing a press conference at the opening of 51st annual meeting in Manila noted that the Bank is ready to fund the public sector with a policy-based lending in order to support the budget deficit of Pakistan.

There is notable progress in infrastructure and industrial sector in the recent times, he noted.

Cooperation between Pakistan and China is essential particularly with regard to the CPEC (China Pakistan Economic Corridor), he added. Business between the Pak and China has grown manifold after the launch of CPEC he said.

 

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