ADB moot on lessons from global economic crisis

Saturday, January 09, 2010
By our correspondent

ISLAMABAD: Top officials from around Asia including Pakistan’s Minister for Finance Shaukat Tarin will attend an ADB sponsored two day regional conference at Manila to discuss the lessons of the global economic and financial crisis, and the policy adjustments needed to cushion the region against future shocks.

Tarin to attend ADB’s conference

ISLAMABAD: Federal Finance Minister Shaukar Tarin will attend the meeting of Asian Development Bank (ADB) going to be held on 14 and 15 January.

Ministries differ on rental power projects

ISLAMABAD: The ministries of finance and water and power have developed serious differences over implementation of controversial rental power projects (RPPs) before their contract clearance by the Asian Development Bank (ADB) under a decision by the federal cabinet. 

Informed sources told Dawn the finance ministry is worried over financial implications of the projects in case these reach the commissioning stage before their proper approval by the ADB and the federal cabinet.

The water and power ministry, on the other hand, is more concerned to meet the Dec 31 deadline, these sources said.