ISLAMABAD: Chinese ambassador to Pakistan Jiang Zaidong called on Pakistan’s Minister for Finance and Revenue Muhammad Aurangzeb on Tuesday to discuss key matters pertaining to economic cooperation and bilateral ties between Pakistan and China.
Jiang Zaidong extended felicitations to Muhammad Aurangzeb upon his appointment as Federal Minister for Finance and Revenue and expressed confidence towards further strengthening of economic relations between the two countries.
Aurangzeb expressed gratitude towards the Chinese leadership for their invaluable support to Pakistan in different sectors, especially highlighting the roll-over of SAFE deposits and the refinancing of commercial loans, which have considerably contributed to Pakistan’s economic stability.
China-Pakistan Economic Corridor
He further stressed the paramount significance of the China-Pakistan Economic Corridor (CPEC) in Pakistan’s growth strategy and overall economic recovery.
Both sides agreed to advance their collaboration in different sectors, including industrial zones, mineral and mining, agriculture, as well as renewable energy.
It was discussed that the next phase of CPEC would focus on the monetisation of gains made during the first phase.
Concluding the meeting, both sides reiterated the wish to collaborate closely to further deepen and enhance the economic relationship between the two nations, reflecting the strong bonds of friendship and cooperation that exist between Pakistan and China.
Federal Minister for Finance and Revenue, Mr. Muhammad Aurangzeb was called on by H.E. Mr. Jiang Zaidong, Ambassador of the People's Republic of China on 19th March, 2024 in Islamabad. pic.twitter.com/5mUwpjU7e1
— Ministry of Finance, Government of Pakistan (@Financegovpk) March 19, 2024
