Pakistan’s PM to attend annual World Economic Forum meeting this month

Pakistan's Prime Minister Anwaar-ul-Haq Kakar (left) posing for a picture as he assumes office in Islamabad, Pakistan, on August 14, 2023. (PID/File)
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Updated 11 January 2024
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Pakistan’s PM to attend annual World Economic Forum meeting this month

  • PM Kakar will visit Davos from January 15-19 for World Economic Forum meeting, says foreign office 
  • Pakistani premier to deliver keynote address, hold meetings with government and business leaders

Islamabad: Pakistan’s Caretaker Prime Minister Anwaar-ul-Haq Kakar will attend the upcoming World Economic Forum’s (WEF) annual meeting in Davos this month, the foreign office announced on Thursday, saying that he would meet key business and government leaders during the summit. 

The WEF describes itself as an international organization for public-private cooperation. It engages the foremost political, business, cultural and other leaders of society to shape global, regional, and industry agendas. 

The forum was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland. The theme of this year’s meeting is “Rebuilding Trust.” 

“Prime Minister Anwaar-ul-Haq Kakar will visit Davos, Switzerland, on 15-19 January 2024, to participate in the 54th Annual Meeting of the World Economic Forum (WEF),” Mumtaz Zahra Baloch, the spokesperson of Pakistan’s foreign office, said during a weekly press briefing. 

She said the Pakistani premier will attend three key thematic events titled: Preventing An Era of Global Conflict, Restoring Faith in the Global System, and the third, Preventing Economic Fracture. 

“The Prime Minister will also deliver a keynote address on the theme “Trade Tech’s Trillion Dollar Promise” and hold meetings with government and business leaders on the sidelines,” she said. 

Pakistan was last year represented at the WEF by then-foreign minister Bilawal Bhutto-Zardari. The 53rd WEF meeting took place in the backdrop of unprecedented monsoon rains in Pakistan that triggered flash floods in many parts of the country. 

Pakistani officials during the annual Davos meeting last year sought international help to mitigate the damage caused by the floods and to ward off an economic crisis that nearly caused the country to suffer a sovereign default. 


Pakistan, ADB ink $61.8 million agreements for three development projects

Updated 05 December 2025
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Pakistan, ADB ink $61.8 million agreements for three development projects

  • Agreements pertain to the upgradation of ML-1 railway link, key bus project in Quetta and water sector development in Balochistan
  • Pakistani official says projects will “significantly contribute” to long-term, sustainable economic growth, address infrastructure needs

ISLAMABAD: Pakistan and the Asian Development Bank (ADB) on Friday signed agreements for three major development initiatives worth $61.8 million to boost connectivity, urban transport and water sector in various parts of the country, state-run media reported. 

The two side signed agreements relating to project readiness financing for the Karachi-Rohri Section of the Main Line-I, a critical link needed to transport copper and gold from the Reko Diq mine in southwestern Pakistan to export hubs, for $10 million. 

Another project readiness financing agreement was signed for a bus rapid transit project in the southwestern city of Quetta worth $3.8 million. The last agreement pertained to additional financing for the Balochistan Water Resources Development Sector Project, which amounts to $48 million. 

“The secretary, Ministry of Economic Affairs, expressed appreciation for ADB’s role as a trusted development partner, and its continued support to Pakistan to complement the development agenda of the country,” the state-run Associated Press of Pakistan (APP) said. 

He said the critical projects would “significantly contribute” to Pakistan’s long-term and sustainable economic growth, address urban infrastructure needs of the provincial capital of Quetta, and enhance agricultural productivity in Balochistan.

ADB’s Country Director for Pakistan Emma Fan appreciated Pakistan’s commitment toward development initiatives. 

“She also reaffirmed ADB’s continued commitment to working closely with the Ministry of Economic Affairs and other stakeholders to ensure its support remains aligned with Pakistan’s development priorities,” APP said. 

ADB has undertaken initiatives to support Pakistan’s economic recovery by strengthening its public finances, social protection systems and helping Islamabad with its post-flood reconstruction efforts. 

The bank says it has committed 764 public sector loans, grants, and technical assistance to the South Asian country totaling $43.4 billion to date.