Lan Fo’an, the Finance Minister of China, has reaffirmed his country’s unwavering support for Pakistan’s efforts to enhance financial stability. This statement came during discussions with Pakistan’s Deputy Prime Minister and Foreign Minister, Senator Mohammad Ishaq Dar, in Beijing on Thursday.
Acknowledging the positive trajectory of Pakistan’s economy, Minister Lan Fo’an also praised Islamabad’s economic agenda. He specifically highlighted the contributions of Deputy Prime Minister Ishaq Dar in deepening financial and banking cooperation between the two nations.
In response, Ishaq Dar outlined Pakistan’s reform agenda, focusing on governance, revenue generation, and creating an environment conducive to foreign direct investment (FDI). He underscored Pakistan’s keen interest in attracting investments from China and provided an overview of priority sectors identified for this purpose, including agriculture, information technology, mining, minerals, and renewable energy.
The meeting between Ishaq Dar and the Chinese Finance Minister underscored the profound appreciation for the ongoing financial and banking cooperation between Pakistan and China. They described this cooperation as a tangible manifestation of the ‘All-Weather Strategic Cooperative Partnership’ between the two nations.
Furthermore, the officials deliberated on ideas to further strengthen financial cooperation, particularly in light of the expanding business-to-business linkages between Pakistan and China. Both sides expressed enthusiasm for exploring avenues to deepen collaboration in various financial sectors to foster mutual prosperity.
The reaffirmation of China’s support for Pakistan’s financial stability comes at a crucial time when Pakistan is implementing ambitious economic reforms to bolster its economy and attract foreign investment. China’s continued backing serves as a testament to the strong and enduring bilateral ties between the two countries.
The meeting between the finance ministers of China and Pakistan not only reinforces the existing cooperation but also sets the stage for enhanced collaboration in the financial realm. As Pakistan continues on its path of economic revitalization, partnerships with countries like China play a pivotal role in achieving sustainable growth and development.
The dialogue between the two nations reflects a shared commitment to advancing mutual interests and promoting economic prosperity in the region. Moving forward, Pakistan and China are poised to further strengthen their financial cooperation, contributing to the stability and prosperity of both nations.