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10 April 2004
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Saturday
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19 Safar 1425
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Eighth SADF meeting begins
By Our Staff Reporter
KARACHI, April 9: The Secretariat of South Asian Development Fund (SADF) is shifting to Pakistan for two years on conclusion of two-day eighth meeting which began here on Friday.
President of the National Bank of Pakistan S Ali Reza will be the chairman of the SADF as its secretariat will be located in the NBP.
The inaugural session of the two-day SADF session was chaired by Bal Krishna Man Singh, the chief executive officer of Nepal Industries Development Corporation. The main items on the agenda are the charter and by-laws of SADF, the position of three hydro power projects in Nepal and some new projects.
According to a press release NBP President Syed Ali Reza gave the welcome address while Tawfiq A Husain, Deputy Governor of the State Bank of Pakistan in his speech extended all support for SADF.
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