Federal Minister for Finance and Revenue Muhammad Aurangzeb held a meeting with Charge D’affaires Shi Yuanqiang and other officials of the Embassy of the People’s Republic of China on Thursday, 8th August 2024.
The Chargé d’affaires reiterated the Chinese government’s commitment to support Pakistan’s sustainable economic development. He said that the Embassy was working with various departments on both sides to coordinate the implementation of the understandings reached during the Prime Minister’s visit to China.
The Finance Minister warmly welcomed the Chinese delegation and underscored the strong bilateral relationship between the two nations. He highlighted recent positive developments in Pakistan’s economic landscape, including increased foreign exchange reserves, decreased inflation, and enhanced tax collection.
The Minister also outlined significant reforms in the energy sector, state-owned enterprises (SOEs), and ongoing privatization efforts. Emphasizing a focus on export-led growth, he expressed Pakistan’s commitment to attracting increased foreign direct investment.
Aurangzeb recalled his recent visit to China and expressed his extremely useful discussions with the Minister for Finance and other officials on proposals for enhancing economic cooperation between the two countries.
Minister of Power Sardar Awais Ahmad Khan Leghari said that the government of Pakistan greatly appreciates the Chinese investment in Pakistan’s energy sector. He said that the Government was implementing a number of reforms to address the issues in the energy sector.
Minister for Power Sardar Awais Ahmad Khan Leghari, Special Assistant to Prime Minister on Power Muhammad Ali, and Minister of State for Finance & Revenue Ali Pervaiz Malik also attended the meeting.
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