Thursday, 27 April 2017

WB to fund works on Kabul-Peshawar highway: Pakistan’s Finance Minister

The World Bank has agreed in principle to fund the construction works on the highway between Peshawar and Kabul, Pakistan’s Finance Minister Ishaq Dar says. At a meeting with World Bank Vice President for South Asia Annette Dixon in Washington on Sunday, Ishaq Dar urged the World Bank to finance the project aimed at boosting regional connectivity. The World Bank official agreed in principle to finance the project, according to a statement from the Ministry of Finance in Islamabad. He said energy sector projects were undertaken on a priority basis. At a separate meeting with his Afghan counterpart Eklil Ahmed Hakimi, Ishaq Dar said peace in Afghanistan was directly linked to stability in neighboring countries, especially Pakistan. They agreed that well-coordinated economic and trade policies would enable the two countries to reap the fruits of progress and development. Ishaq Dar condemned Friday’s terrorist attack on a military in northern Balkh province, where more than 100 soldiers lost their lives. He voiced Pakistan’s willingness to work closely with Afghanistan to for peace in the region. The ministers agreed on holing a meeting of the Joint Economic Commission of Pakistan and Afghanistan in near future. Strong economic ties between the neighbors were necessary to achieve the goal of peace, they concurred.