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PM Sharif, IsDB President Discuss New Areas of Cooperation

Pakistan’s Prime Minister Muhammad Shahbaz Sharif met with the President of the Islamic Development Bank (IsDB), Dr. Muhammad Al Jasser on the sidelines of the New Global Financial Pact Summit held in Paris, France today (June 23).

During the meeting, the two sides discussed the long-standing cooperation and engagement between Pakistan and IsDB.  The Pakistani premier and Dr. Al Jasser took stock of the progress on various ongoing projects and exchanged views on new avenues of collaboration, the prime minister’s office said in a press release.

On behalf of the government and people of Pakistan, PM Sharif thanked Dr. Al Jasser for IsDB’s participation in the International Conference on Climate Resilient Pakistan held in Geneva on 9 January 2023.

The Prime Minister praised IsDB’s announcement at that Conference to provide $4.2 billion in support of Pakistan’s post floods recovery. He acknowledged the personal contribution and leadership role of Dr. Al Jasser in galvanizing this huge volume of financial support.

PM Sharif stressed that IsDB’s beneficial partnership with Pakistan will go a long way in helping the people of the country to rebuild their lives and livelihoods, and also support the sustainable development objectives of the Pakistani government.

Furthermore, the Pakistani leader briefed the IsDB Chief on the recently formed Special Investment Facilitation Council to streamline foreign investments in the country and provide a one-window solution to address all concerns of foreign investors.

Meanwhile, the Prime Minister also renewed the invitation to IsDB President to visit Pakistan at his earliest convenience.