Financial Updates

The blog "FINANCIAL UPDATES" consists on exclusive economic and commerce news about across the world particularly Pakistan economy

Sunday, April 13, 2014

Finance Minister’s Meeting with Chinese Vice Minister for Finance

Finance Minister Senator Mohammad Ishaq Dar held a meeting with Chinese Vice Minister for Finance Mr. Yaobin Shi here on Friday.

The Finance Minister expressed his gratitude and thanks to the Vice Minister for great support that Chinese government and leadership has been extending to Pakistan in terms of economic growth, regional connectivity and economic betterment of Pakistan and the region. He said that team of experts from both the countries are working together on a number of projects, that have been identified by the Premiers of the two countries and appreciated the Chinese idea of a new development bank.

The Chinese Vice Minister thanked the Finance Minister for the ongoing bilateral cooperation and highlighted the importance China attaches to Pakistan as a good friend. He said that the ongoing cooperation between the two countries has achieved many objectives in terms of China-Pakistan Energy Corridor and Hydal projects.

Finance Minister Ishaq Dar briefed the Vice Minister about his meetings with the EVP IFC and other office bearers at the World Bank and expressed his desire for coming up with a project in line with the Three Gorges Company concept. The Chinese Vice Minister assured the Finance Minister of his country’s fullest support to Pakistan in the ongoing and future projects. The Finance Minister informed the Chinese Vice Minister that macro economic stability has been the main area on which the present government has been focusing on since the day it has come into power. He said that Pakistan is also engaging the World Bank soliciting fullest support in terms of macro economic stability. Senator Dar thanked the Vice Minister for Chinese help through Asian Development Bank for the Jamshoro Project.

Both the Ministers reaffirmed their commitment to realize the vision of their respective Premiers for developing an energy corridor connecting Gawadar to Kashgar as well as the regional connectivity on the pattern of the EU.

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