Finance Minister meets Chinese Vice Minister for Finance

Islamabad, October 12, 2014 (PPI-OT): Federal Minister for Finance Senator Mohammad Ishaq Dar met with the Chinese Vice Minister for Finance Mr. Yaobin Shi on the sidelines of World Bank and IMF Meetings in Washington DC today. The Finance Minister said that Ministry of Planning, Development and Reform in Pakistan is diligently working with the China’s National Development and Reform Commission on the energy and Pakistan-China Economic Corridor projects.

The Vice Minister appreciated Pakistan’s regional connectivity initiatives and expressed his support for pushing forward enhanced economic cooperation between the two countries besides Economic Corridor and Orange Line. Referring to Sino-Pakistan all weather friendship, Mr. Yaobin said that the Chinese President looks forward to his visit to Pakistan on mutually agreed dates.

Senator Dar expressed his gratitude to the Chinese Vice Minister for his kind words and resolve towards Pakistan’s economic recovery and apprised him of the successful holding of Diamer Basha Opportunities Conference in Washington DC with the support of USAID this week.

He also mentioned about World Bank’s pledge for Dasu Project and it’s significance both for irrigation and power generation purposes besides managing floods. Senator Dar apprised the Vice Minister of the ongoing North Waziristan operation and government’s resolve to fight the menace of extremism. The Finance Minister said that the government has come a long way in achieving macroeconomic stability and after six years the growth has crossed the 4% mark.

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