ISLAMABAD: China-Pakistan Friendship Association (CPFA) President Sha Zukang has vowed to celebrate year 2015 – the year of friendly exchanges between the two countries with fervour, placing it on the association’s top priority. He was speaking at a reception hosted in honour of CPFA by Pakistan’s Ambassador Masood Khalid at a local hotel.
Sha Zukang while announcing the outcome of CPFA council meeting apprised of agreements on several proposals. The CPFA would implement various proposals cantered on the China-Pakistan Economic Corridor, he emphasized.
Mr Zukang said that since the council’s reorganization as a permanent establishment within the CPFA, consisting of 4 CPFA leaders and 7 council members, the association was making steady progress. The executive council was responsible for formulating work plan, supervising the implementation of exchange programmes, resolving issues concerning people-to-people exchanges between China and Pakistan, he added. Besides many council members had contributed significantly in terms of ideas on exchanges, mainly in the fields of economy and trade, human development and media, and by applying their work experiences and specialities, he further elaboarated. Mr Sha Zukang reaffirmed his pledge to reinvigorate the CPFA Council to its true potential. He was elected as CPFA Council’s President two months ago on 16th April.
The CPFA president said that in recent years there have been frequent high level exchanges, and the Presidents of the two countries have recently had very comprehensive and profound exchange of ideas and they agreed to pay attention to some priority projects of the CPEC that included important infrastructure and communications projects. He said that an executive secretariat had also been established which would select, based on the advice of council members, feasible programmes of considerable significance as the main direction of work in the near future. The year 2015 – the year of China-Pakistan friendly exchanges – would also be the main priority of CPFA, he added.
Mr Zukang said that China and Pakistan were diehard friends and brothers who always support and help each other and that their friendship was higher than mountains, deeper than oceans and sweeter than honey. He said that the Embassy’s support would be instrumental in all future endeavours.
Ambassador Khalid speaking on the occasion said that the Pakistan-China relationship was marked by excellent political and strategic cooperation and was entering into a new dynamic and futuristic phase, where enhanced economic and commercial cooperation was at the centre of the agenda.
The Ambassador said that he envisioned the Executive Council of the CPFA to serve as a dynamic vehicle, under the vibrant leadership of Ambassador Sha Zukang, that would further strengthen the close and friendly relations. In recent months these relations had received a great boost from high level interactions and host of activities in economic and cultural domains, he pointed out.
Pakistan viewed China-Pakistan Economic Corridor as a catalyst for development of both the countries and for regional economic cooperation which was complementary to President Xi Jinping’s vision of building a Silk Road Economic Belt and Maritime Silk Road, he added.
He said that the China – Pakistan Economic Corridor was a flagship project that both the governments were pursuing and considerable progress had been made to identify Early Harvest Projects for implementation. Next month, a high level delegation from Pakistan would be visiting China for discussions with NDRC and other concerned departments to fast-track the agreed projects, he apprised the association.
He said that he was encouraged by the interest and response of the Chinese business community in exploring Pakistan’s market that offered a huge potential for profitable ventures. He thanked the Chinese government, Chinese Ministry of Foreign Affairs, NDRC and other institutions for their support to Pakistan. He hoped that the Friendship Association would continue to play an active role in fostering people to people interaction and friendship between the two countries.
Ambassador Masood Khalid expressed gratitude to Ambassador Sha Zukang, President of the China – Pakistan Friendship Association, Mr. Feng Zuoku, Vice President of the Chinese People’s Association for Friendship with Foreign Countries, Madam Geng Ying, Vice President of the Chinese Peoples Association for Friendship with Foreign Countries for their support and cooperation and assured complete support of the Embassy.
KARACHI: Commercial banks are reluctant to boost house financing through lending as their gross ...