Home International News Ahsan Iqbal holds meetings with Chinese financial institutions

Ahsan Iqbal holds meetings with Chinese financial institutions

7 min read

BEIJING, May 9 (INP): Federal Minister for Planning, Development and Special Initiatives, Prof. Ahsan Iqbal arrived in Beijing on May 8 as part of the high-level interactions between China and Pakistan and held important bilateral talks between officials and financial institution leaders to accelerate the CPEC 2nd phase.

The Federal Minister was accompanied by Ambassador Syed Tariq Fatemi, Special Assistant to the Prime Minister (SAPM) on Foreign Affairs.

After his arrival, the Federal Minister held several key meetings, including at the Ministry of Foreign Affairs of the People’s Republic of China, China Export and Credit Insurance Corporation (SINOSURE), and China Development Bank (CDB). SAPM Amb.

Tariq Fatemi and Khalil Hashmi, Ambassador of Pakistan to China were also present at the meetings.

According to Gwadar Pro, in his meeting, with Chinese Vice Foreign Minister Sun Weidong, the Federal Minister held wide-ranging discussions, aimed at even further solidifying the ‘All Weather Strategic Cooperative Partnership’.

Discussions also included a review of the successful culmination of the first decade of the China-Pakistan Economic Corridor (CPEC), and the progress achieved in its second decade, especially on the five corridors, namely growth, livelihood, openness, inclusivity, and innovation, as outlined by Chinese Vice Premier He Lifeng last year.

In this regard, he lauded the services of Minister Planning Ahsan Iqbal and called him Mr. CPEC and noted the 5-E’s framework i.e. Export, Energy, Equity, E-Pakistan, and Environment, envisioned by the Government of Pakistan, to implement these five corridors under CPEC.

Both sides also discussed the early implementation of ML-I, KKH realignment, and other key infrastructure projects in Pakistan.

The Federal Minister reaffirmed Pakistan’s commitment to the high-quality development of CPEC, outlining future cooperation under CPEC phase-II in such priority sectors as IT, agriculture modernization, textile, minerals and renewable energy, among others.

He thanked China for its support to make CPEC a flagship project of BRI and CPEC has helped Pakistan modernize its energy and logistics infrastructure.

He highlighted the need for greater Business to Business links for the second phase of CPEC for which issuance of visas to Pakistani businessmen should be facilitated.

He highlighted the significance and urgency of ML-1 Peshawar- Karachi Railway mainline project and called for enhanced collaboration in the field of Human Resource Development (HRD), especially through capacity building programs and training opportunities, recognizing it an important area in the second phase of CPEC.

He apprised the Chinese side about enhanced security measures taken by Government of Pakistan for security of Chinese personnel.

As part of efforts to promote people to people linkages, both sides agreed to further enhance visa facilitation for each other’s citizens, which was also highlighted as central to strengthen B2B cooperation.

The meeting concluded with a shared commitment to continue high-level exchanges between the two sides with a view to fostering the China Pakistan Community of Shared Future in the New Era.

Later, Professor Ahsan Iqbal also met with leadership of Chinese financial institutions, including Sheng Hetai, President of China Export and Credit Insurance Corp. (SINOSURE) at SINOSURE’s Headquarters and discussed cooperation across various sectors, including early completion of hydel power projects such as Azad Pattan and Kohala.

Both sides agreed to realize the common goal of shared progress and prosperity.

The Federal Minister also met with President of China Development Bank (CDB) Tan Jiong. While highlighting the deep-rooted friendship between China and Pakistan, he noted the exception and unique nature of the bilateral relationship and acknowledged the contribution of CDB in making CPEC successful.

The two sides also discussed CDB’s support for development projects in Pakistan, especially in infrastructure, renewable energy and industrial sectors.

The President CDB assured the Federal Minister of the bank’scontinued support to the efforts of the Government of Pakistanto accelerate the pace of the socio-economic development in the country.

The Federal Minister invited the President CDB to undertake a visit to Pakistan to witness the success of several key CPEC projects in the country.


Load More Related Articles
Load More By Web Admin
Load More In International News

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Sindh’s livestock, dairy sector shows ‘impressive growth’: WealthPK

KARACHI, May 17 (INP) – The livestock and dairy sector of Sindh has shown an impressive gr…