Finance Minister chaired a meeting with EAD officials to review the State of Foreign Assistance

 

Finance Minister, Senator Mohammad Ishaq Dar here on Tuesday chaired a meeting of EAD officials to review the state of foreign assistance from WB, ADB, USAID, Govt. of Italy, JICA DIFID and other development partners for various projects in the spheres of energy, transport and rehabilitation of TDPs. Senior Finance Division officials were also present.

At the outset of the meeting, follow up action on decisions of the last Donors conference was discussed at length. The Minister expressed satisfaction on operationalzation measures by WB, ADB and other development partners to help out flood affectees and TDPs.

Thereafter, the Minister was apprised that World Bank and ADB had a projected 1.5 billion and 1.68 billion USD assistance respectively earmarked for Pakistan for the year 2015. Both these institution would disseminate this assistance to different sectors in line with the policy of Pakistan Government, attaching due importance to energy and infrastructure rehabilitation in the areas affected by war on terror/anti-terror operation. There would be a quarterly review of the utilization of this assistance, the Minister was informed.

A special briefing was also arranged on the occasion about the Kurram Tangi, a high priority Power Project, also in the affected areas which is part of rehab activities for TDPs, the Minister was informed. A monthly monitoring mechanism has been agreed to keep a watch on the progress of work on this project in consultation with the donors i.e World Bank, USAID and Govt. of Italy.