The Islamic Development Bank Group in Pakistan has pledged its financial support worth $3 billion for the use of socio-economic development in the country.
Mr. Gurbuz Gonul from the Jeddah-based Islamic Development Bank group visited Pakistan will be developing member party partnerships between the the Islamic Republic of Pakistan and the Islamic Development Bank Group over the next four years.The mission met with senior officials of the Economic Affairs Division, Planning Commission, Ministry of Finance, key Ministries in Punjab and Sindh, representatives of the private sector and other stakeholders. In addition to bilateral meetings, the IDB group mission also conducted three workshops in Islamabad, Karachi and Lahore.
The workshops were attended by high ranking federal and provincial government officials, representatives of the donor community, leading bankers and eminent personalities from the business community and civil society.
'Through these workshops, the IDB Group Mission explained the suggested focus areas for IDB group support for the forthcoming MCPS period and received valuable feedback and ideas that have enriched the understanding of the development priorities of the country. The participants corroborated the growthmultiplier elements of the MCPS multi-sector and area-focused programs. The IDB mission launched itswide-ranging consultation process under the overarching theme of ‘Partnering for Sustainable Socio-
Economic Development’. The strategy aims at improving infrastructure development (energy and transport), supporting sustainable agriculture and rural development, strengthening human development (educations and health), enhancing private sector development including public-private partnerships, promoting Islamic financial industry, supporting capacity building and reverse linkages'.
Article from Global Islamic Finance Magazine
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