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ISLAMABAD, Jan 24 (APP):Federal Minister of Petroleum & Water Resources Dr. Musadik Malik Friday met with Martin Raiser, World Bank’s Vice President for South Asia, to engage in comprehensive discussions aimed at deepening cooperation and advancing development initiatives.
The meeting underscored the mutual commitment to fostering strong economic relationships and addressing shared challenges such as energy security. Both leaders emphasized the significance of collaborative efforts in driving transformative projects, said a news release.
Dr. Musadik Malik expressed appreciation for the World Bank’s continued support in critical development projects in energy, infrastructure, and social sectors, highlighting the importance of partnerships in achieving strategic economic and development goals.
“A robust collaboration with international partners such as the World Bank is pivotal in elevating our sustainable development ambitions, enhancing economic resilience, and uplifting communities,” Minister Dr Musadik Malik noted.
Martin Raiser reaffirmed the World Bank’s dedication to supporting transformative initiatives in the region.
During the meeting ongoing projects in the water sector including the Dasu Hydropower project, the Tarbela extension project, strategies for improving infrastructure, enhancing energy efficiency, and facilitating technological innovation to bridge developmental gaps were discussed.
Both parties acknowledged the critical role of tailored policy measures and investments in achieving a balanced and sustainable trajectory of projects.
Dr Musadik Malik said that a capital investment management framework may be utilized for improving efficiency together with discipline of planning.
Mr Raiser opined that it could be an excellent initiative for mutual benefit.
The meeting concluded with a shared commitment to continue dialogue and collaboration. Participants included the Secretary of Water Resources and officials of the ministry.
Kishan Abeygunawardana: Special Assistant to Vice President, Mohammad Anis: Senior Energy Specialist, Program Leader, Eva Liselotte Lescrauwaet: Senior Operations Officer.