Pakistan, ADB sign loan program worth $250m

Pakistan and Asian Development Bank have signed a loan program worth 250 million dollars for promoting sustainable public-private partnerships. The program will strengthen the governance framework and environment for public-private partnerships at the federal level in Pakistan. It will also help Pakistan drive sustainable investments in infrastructure and services through Public-Private partnerships. Secretary Ministry of Economic Affairs Dr. Kazim Niaz and Country Director ADB Yong Ye signed the loan program. Kazim Niaz thanked the ADB for its continued support to Pakistan's critical development needs and rehabilitation efforts in post-flood context. The ADB Country Director underscored the importance of a conducive environment for fostering strategic and fiscally affordable public private partnerships in Pakistan. Source: Radio Pakistan