Beijing, September 1, 2025 – Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, engaged in high-level discussions in Beijing with top Chinese banking officials to explore new avenues of financial cooperation and deepen Pakistan–China economic ties.
The Finance Minister met Dr. Pan Gongsheng, Governor of the People’s Bank of China (PBOC), where he expressed appreciation for China’s consistent political, diplomatic, and financial support to Pakistan. Aurangzeb briefed the Governor on Pakistan’s recent economic progress, highlighting structural reforms, fiscal discipline, and a stronger external financing framework that have contributed to improved international credit ratings.
He acknowledged the PBOC’s critical role in facilitating Pakistan’s access to financial markets and supporting multilateral initiatives aimed at stabilizing the economy. Discussions focused on enhancing financial integration, developing cross-border banking arrangements, and identifying new areas for collaboration to further strengthen bilateral economic ties.
In a separate meeting with Mr. Liao Lin, Chairman of the Industrial and Commercial Bank of China (ICBC), Aurangzeb thanked the institution for its consistent role in development financing, commercial facilities, and the refinancing of obligations at crucial junctures. He emphasized that ICBC’s growing footprint in Pakistan reflects the maturing partnership between the two nations and offers a foundation for more extensive cooperation in trade financing, investment projects, and financial diversification.
The Finance Minister underscored that Pakistan’s economic reform program is designed to ensure long-term stability and sustainable growth. He pointed out that Chinese financial institutions are key stakeholders in this process, not only by meeting short-term funding requirements but also by supporting initiatives such as accessing Chinese onshore markets, introducing financial innovations, and integrating Pakistan’s banking sector more closely with regional capital flows.
Both sides agreed that the Pakistan–China economic partnership has entered a new era characterized by deeper collaboration across banking, investment, and capital markets. Senator Aurangzeb reaffirmed Pakistan’s commitment to creating a business-friendly environment, pursuing structural reforms, and building resilient financial frameworks that can attract diversified investment and boost bilateral trade.
Concluding the meetings, Aurangzeb expressed confidence that these engagements would pave the way for stronger financial linkages, furthering shared goals of economic stability, regional integration, and sustainable development.