China assures full support in developing SEZ’s as part of CPEC

ISLAMABAD – Pakistan has sought support of China in facilitating roll-over of SAFE China deposits of US$ 2 billion in March 2023.

Nong Rong, Ambassador of the People’s Republic of China, called on Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar here at the Finance Division.

Finance Minister Ishaq Dar extended warm welcome to the ambassador and highlighted deep-rooted friendship and brotherly relations between Pakistan and China.  The finance minister apprised the ambassador about the damages caused by the unprecedented floods in Pakistan. He expressed gratitude to the govt of China for extending all out support to the govt and people of Pakistan.

The finance minister also appreciated the support extended by the Chinese leadership in refinancing of syndicate facility of RMB 15 billion ( US$ 2.24 billion) to Pakistan and further sought support of the ambassador in facilitating roll-over of SAFE China deposits of US$ 2 billion in March 2023.  Referring to CPEC, the finance minister said that the Economic Corridor will play an important role in taking Pakistan’s economy forward as well as cementing the bilateral relationship between both the countries.

Nong Rong, Ambassador of China, extended his felicitations to the minister on assuming his new responsibilities. The ambassador reaffirmed Chinese govt’s continued support to Pakistan and emphasized that China stands with people of Pakistan in this hour of need like a rock. The ambassador of China assured full support and cooperation of Chinese government in developing Special Economic Zones as part of CPEC. He also thanked Govt of Pakistan in facilitating Chinese companies in various projects in Pakistan.  Finance Minister Ishaq Dar thanked the Chinese ambassador for support and cooperation.