Finance Minister Senator Ishaq Dar on Sunday chaired a meeting to discuss measures for improving public debt management.
Finance Division director general (debt) briefed the finance minister about the steps taken for synchronisation of retail and wholesale debt, said a statement issued.
The minister asked for data projections related to external debt and directed that Economic Affairs Division (EAD) might share the said data with the Debt Office on regular basis.
During the course of the discussion, it was agreed that there was a need to have an optimal composition between domestic and external debt portfolios for cost effectiveness.
The minister appreciated all the efforts for effective debt management and provided guidelines with regard to market issues and in house improvement.
ADB WILLING TO UPLIFT POWER SYSTEM:
In the meanwhile, Asian Development Bank (ADB) has expressed willingness to finance projects in Pakistan relating to upgradation and strengthening of power transmission lines and distribution system, said ADB Country Director Werner Liepach while discussing different financial projects of the bank in Pakistan with Finance Minister Ishaq Dar in Islamabad.
The finance minister welcomed ADB’s expression of interest in financing the power transmission and distribution system, which would further add to Pak-ADB economic cooperation.
