Mon, Apr 22, 2024
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Chinese Govt. to Support Pakistan for Development Special Economic Zone


Recently, the Ambassador of the People’s Republic of China Nong Rong Saturday met with the Pakistani Finance Minister Ishaq Dar and informed him that the Chinese Government would support Pakistan in the development of special economic zones as part of the China-Pakistan Economic Corridor (CPEC).

The envoy called on the finance minister at Finance Division. Welcoming the ambassador, Dar said that Pakistan and China enjoy deep-rooted friendly relations which strengthen with each passing day. He highlighted the economic challenges and policies of the present government with aim to bring about economic and fiscal stability.

The Pakistani finance minister also appreciated the support extended by the Chinese leadership for flood relief and refinancing of a syndicated facility of RMB 15 billion ($2.24 billion) to Pakistan. Referring to China-Pakistan Economic Corridor (CPEC), the minister said that the economic corridor will play an important role in taking Pakistan’s economy forward as well as cementing the bilateral relationship between both countries. He further assured his full support for the successful implementation of CPEC projects.

Ambassador HE Rong reaffirmed China’s continued support to Pakistan and thanked the government of Pakistan for facilitating Chinese companies in various projects in Pakistan.

The proposed visit of Prime Minister Shehbaz Sharif to China was also discussed in the meeting and both sides hoped that the visit will enhance bilateral relations between both countries.

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