By Sajid Chaudhry

ISLAMABAD: The economic assistance from the Asian Development Bank (ADB) under its Country Partnership Strategy (CPS) 2009-13 may be hiked to $9 billion from the existing proposition of $4.5 billion.

The ADB has offered Islamabad to double the annual economic assistance to $3 billion from the proposed $1.5 billion to help Pakistan improve its infrastructure and overcome its economic challenges. "The ADB can double its annual assistance for Pakistan for the next three years, provided that the funding availability of the bank is increased," visiting ADB Vice President Xiaoyu Zhao told reporters on Thursday. "We can double Pakistan's assistance up to $3 billion per annum provided Islamabad makes a request in this regard as well as the funding available to ADB also increases," the ADB vice president said. He earlier led an ADB delegation in a meeting with a Pakistani economic team, which was led by Minister of State for Economic Affairs Hina Rabbani Khar.

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Posted by boyang at February 27, 2009 5:53 PM