Dar for efficient utilizing of foreign financing

ISLAMABAD: Finance Minister Mohammad Ishaq Dar on Sunday directed the Economic Affairs Division to ensure efficient utilizing of foreign financing in various projects.

Chairing a meeting to review performance of Economic Affairs Division, he also directed EAD to keep close liaison with implementing agencies to ensure that projects are implemented as per timelines and delays are avoided.

Secretary, EAD Tariq Bajwa briefed the Minister on the on-going interaction with various multilateral and bilateral development partners, relating to different development projects.

The meeting reviewed the on-going foreign funded project portfolio and felt the need for expediting disbursements under these projects.

The meeting was informed that EAD had been regularly following up project executing agencies and the provincial governments to resolve the issues hampering the expeditious implementation of projects.

The details of various projects in the pipeline were also presented, for which negotiations were underway with development partners.