ISLAMABAD: President Dr. Arif Alvi said on Friday that Pakistan and Islamic Development Bank (IDB) had a longstanding partnership and the country intended to continue working closely with the latter.
Talking to IDB President Dr. Bandar M.H. Hajjar at the presidency, Alvi said the government was undertaking reforms to steer the economy out of current economic challenges.
He said the government’s prime focus was on fiscal consolidation, monetary policy, and fiscal inclusion.
President Arif Alvi being presented a memento by President of the Islamic Development Bank Dr. Bandar M.H. Hajjar at the Presidency in Islamabad on May 3, 2019. (PID)
Projects like affordable housing and special attention to small and medium-size enterprise sector will further boost employment opportunities and economic growth, he added.
Pakistan’s liberal investment regime and rising economic opportunities were attracting investors from across the world, said the president, adding that Special Economic Zones under the second phase of China Pakistan Economic Corridor (CPEC) will further transform Pakistan’ transport network into an economic corridor.
He appreciated IDB’s support for the Polio Eradication Program and expressed confidence that existing excellent bilateral cooperation between Pakistan and IDB would further strengthen in the years ahead.
