Dar, Sun discuss upcoming visit of Chinese president

Envoy says Pak-China Economic Corridor moving ahead smoothly

ISLAMABAD - Chinese Ambassador to Pakistan Sun Weidong called on Minister for Finance and Economic Affairs Senator Ishaq Dar here on Wednesday and discussed economic cooperation between the two countries and the forthcoming visit of Chinese President Xi Jinping to Pakistan.

The ambassador, while expressing his gratitude on expanding economic cooperation between the two countries said, "We are happy to see Pakistan-China Economic Corridor moving ahead smoothly". He mentioned that currently third round of Pakistan-China Joint Cooperation Committee (JCC) is going on successfully and mega projects in energy and infrastructure sectors with the help of Chinese government will bring development and economic progress to Pakistan.

He said that China as a friend will continue to take this relationship to a new height. He appreciated Pakistan's support for Asia Infrastructure Development Bank and observed that Pakistan is one of its founding members. He underlined that the forthcoming visit of Chinese president to Pakistan next month will open new avenues for cooperation between the two countries.

The ambassador noted that China will be assisting Pakistan in 14 energy projects and four mega infrastructure projects including Karakorum Highway Phase-II, development of Gawadar Port, Lahore-Karachi Motorway and Orange Line Metro Project in Lahore. He congratulated the political leadership of Pakistan for the economic successes achieved during the past fiscal year and observed that Pakistan's economy got momentum due to hard work by the government to overcome challenges. He concluded that the traditional friendship between Pakistan and China is close to the hearts of the Chinese leadership and economic corridor will provide a framework to bring substantial cooperation on ground.

Senator Dar said that China has always been a great friend of Pakistan and it is an all weather relationship. He mentioned about the strong cooperation and common stand in international forums by the two countries and appreciated unprecedented support by China. He underlined that the political leadership of both the countries have a common vision and a robust economic cooperation will help reduce the differences between the two countries and their regional connectivity.

The finance minister said that the government of Pakistan is looking forward to expand this relationship to a new height and replace traditional diplomacy with the economic diplomacy. He said that the economic corridor will reduce transportation cost between Pakistan and China and enhance trade and investment for great future of this region. He further said that the energy and infrastructure projects with the help of Chinese government are recognized by the masses in Pakistan.

He also informed the ambassador that the political leadership in Pakistan is looking forward to welcome Chinese president's historic visit and hoped that the visit will usher into a new era of progress and development of the two countries.

The meeting was also attended by Adviser to Finance Ministry Rana Assad Amin, Economic Affairs Division Secretary Saleem Sethi, Additional Finance Secretary Shahid Mahmood and other senior officials of the Ministry of Finance.



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