Pak-China common vision of robust economic cooperation: Dar

Federal minister says Pak-China time tested friends

ISLAMABAD – Finance Minister Senator Ishaq Dar has said that China has always been a great friend of Pakistan and underlined that the political leadership of both the countries had a common vision and talk of the robust economic cooperation between the two countries and regional connectivity.

He stated this while talking to a delegation of China Development Bank led by Ms Liu Hui, Deputy Director General and Board of Directors of Pakistan-China Investment Company who called on the finance minister here on Friday. Dar said that there was a great potential for investment by the private sector of China into energy and infrastructure projects.

He emphasized the importance of providing assistance and financing facility to the private sector in order to achieve the goals of extensive economic cooperation. He also mentioned about the economic progress, Pakistan had made during the last one year. He said that all the macro-economic targets were achieved with considerable increase in revenue collection and foreign remittances.

The finance minister said that with growth in exports and decrease in imports, the trade deficit had improved. He further underlined that our stock exchange performed very well and hoped that with political stability in Pakistan, the economy would perform better in current fiscal year. He underlined that the Pakistan-China investment company could play an important role in developing economic cooperation between the two countries.

Dar said that there was a lot of potential in private sector of the two countries and the Company could play a bigger role to promote mutual trade and investment in order to bring development and prosperity in the region. The deputy director general said that the economic corridor would set a good example of Pakistan-China cooperation and the China Development Bank was playing an important role in developing our friendship.

She informed that the Bank would play a role of bridge between the private sectors of both the countries for development of Pakistan. She informed that Chinese investors were interested in exploring Pakistani market and there was a great scope for joint ventures. She hoped that with the future cooperation between the two countries, there would be a new era of development.

She conveyed the sentiments of the Governor of the China Development Bank to the finance minister. The finance minister concluded that the two countries were great friends having close cooperation and open foreign policy and extensive economic cooperation would take our relations to a new height.

Advisor to Finance Ministry, Additional Finance Secretary/SA to finance minister, Finance Secretary Dr Waqar Masood, Economic Affairs Division secretary, FBR chairman, Rana Assad Amin, Saleem Sethi, Tariq Bajwa, Shahid Mahmood and senior officials of the Ministry of Finance were also present during the meeting.

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