Chinese envoy discusses cooperation, economic ties with Pakistani Finance Minister

Islamabad: Chinese Ambassador to Pakistan Jiang Zaidong had a productive meeting with Federal Minister for Finance Muhammad Aurangzeb, to exchanged views on Sino-Pakistan cooperation and matters pertaining to economic ties.

During this meeting, Ambassador Zaidong congratulated Aurangzeb on his appointment as the Federal Minister for Finance and Revenue, expressing optimism about the continued strengthening of economic ties between China and Pakistan.

Muhammad Aurangzeb, the Minister for Finance & Revenue, conveyed his sincere appreciation to the Chinese leadership for their invaluable support to Pakistan across various sectors.

He particularly highlighted the significance of the rollover of SAFE deposits and the refinancing of commercial loans, both of which have played a substantial role in Pakistan’s economic stability.

He underscored the utmost importance of the China-Pakistan Economic Corridor (CPEC) in Pakistan’s growth strategy and overall economic recovery.

Both sides reached an agreement to enhance their collaboration across diverse sectors, encompassing industrial zones, agriculture, mineral and mining, as well as renewable energy.

The discussion also touched upon the forthcoming phase of CPEC, which is expected to concentrate on the capitalization of achievements from the initial phase.

Both sides reiterated their shared desire to closely collaborate, aiming to further deepen and enrich the economic relationship between Pakistan and China. This sentiment reflects the robust bonds of friendship and cooperation that underpin the relationship between the two nations.