Photo Credits:nThe Express Tribune
ISLAMABAD, SEP 03 (Online Int’l): Federal Minister for Economic Affairs Makhdum Khusro Bukhtiar chaired the tripartite wrap-up meeting on Portfolio Review of ADB-Funded Projects at the Ministry of Economic Affairs Thursday.
The meeting was attended by Country Director Ms. Xiaohong Yang, Deputy Chairman Planning Commission and senior officers of the Provincial Governments. The two-day portfolio review session is being organised by Economic Affairs Division. The volume of ADB-Funded projects is US$ 6.6 Billion, whereas volume of active portfolios in the Khyber Pakhtunkhwa is worth USD 919 million, Sindh USD 656 million, Punjab USD 968 million, and Balochistan USD 105 million.
On the second day of the review session, the projects related to social, education,Ninfrastructure development, public-private projects, irrigation& agriculture, transportation and energy sector in the provinces were reviewed.
The Minister appreciated the role of ADB, the Ministry, and executing agencies for effective planning and execution of on-going projects funded by the ADB. The Minister also highlighted the role of the portfolio review sessions to surveil the status of projects, identify bottlenecks and set the targets to expedite implementation process. The Minister directed the heads of relevant Provincial departments to address the technical issues and safeguard the compliances to improve the performance of these projects.
At the conclusion of the meeting, Country Director ADB thanked the Minister for chairing the portfolio review sessions for timely implementation of the Projects. She hoped that the economic cooperation between ADB and Pakistan would continue in future.
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