China Pledges to Help Pakistan Boost Exports through Technological and Industrial Development
Chinese Ambassador Yao Jing met with Federal Minister for Economic Affairs Muhammad Hammad Azhar. Chinese Ambassador reassured the Chinese Government's commitment to Pakistan for strategic ties. He updated the Federal Minister about the current status of projects linked to the China Pakistan Economic Corridor (CPEC). Ambassador stated that CPEC's Second Phase is prioritized for socioeconomic sector projects to benefit the common man. He noted that China is dedicated to promoting Pakistan's export capacity through technological and industrial development. Minister Hammad Azhar told that the government is focused on improving the living standards of the common man and make Pakistan a welfare state.
ISLAMABAD, Aug 23 (APP):Chinese Ambassador in Pakistan Yao Jing on Friday said that under second phase of China Pakistan Economic Corridor (CPEC), promotion of business to business relationship for technological and industrial development in order to augment Pakistan’s capacity to export was a priority area for the Chinese government.
He was speaking to Federal Minister for Economic Affairs Muhammad Hammad Azhar here at the minister’s office, said a press release.
The envoy congratulated Hammad Azhar on his elevation as Federal Minister.
The Ambassador reiterated commitment of his government to the strategic relationship with Pakistan and hoped that appointment of Federal Minister for Economic Affairs will further strengthen relationship between the two countries.
The Ambassador updated the minister on the progress made on account of implementation of CPEC related projects.
The envoy stated that in the second phase socio-economic sector projects, with grant financing for direct benefit of common man were also priority areas.
The minister stated that the CPEC is a flagship programme of Belt and Road initiative which is now entering into a new phase. He reiterated commitment of his government for implementation of next phase of CPEC for the benefit of people of Pakistan.
He acknowledged the historic relationship with China and the generous support it has been extending to Pakistan.
The minster also acknowledged the economic and financial assistance provided by China to Pakistan during difficult times. China’s position on the current situation in occupied Kashmir was vehemently appreciated.
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