Breaking News

Prime Minister meets President EXIM Bank of China

Boao, April 10, 2014 (PPI-OT): Prime Minister Muhammad Nawaz Sharif met President, EXIM Bank of China Mr. Lui Ruogu on the sidelines of Boao Asia Forum 2014. During the meeting, financing of infrastructure and energy sector projects in Pakistan were discussed. Chinese companies plan to make an investment of about US $ 32 Billion in Pakistan for the next 5 years.

Prime Minister said that this investment will give boost to the economy of Pakistan. Fast-tracking the progress in financing of these projects will enable Chinese companies to initiate projects in time, PM added. President, EXIM Bank of China assured support and agreed that the financing process should be undertaken at a faster pace.

Prime Minister said that EXIM Bank has already invested in various sectors in Pakistan and further investment would not only be mutually beneficial but would also further strengthen ties between Pakistan and China.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326

Check Also

Pakistan and World Bank Discuss Enhanced Support for Flood Recovery Efforts

Washington DC, In a crucial meeting with Mr. Axel Van Trotsenburg, Senior Managing Director of the World Bank, Pakistan's Finance Minister, Mr. Muhammad Aurangzeb, explored strategies for maximizing support for flood-affected regions in Pakistan. The ...