Minister Shaukar Tarin, Ambassador Nong pledge fast track implementation of CPEC projects
In a meeting with Chinese Ambassador Nong Rong, Minister for Finance and Revenue Shaukat Fayaz Ahmed Tarin said that the Government of Pakistan will facilitate Chinese companies to ensure long term sustainable foreign investment. He also informed the ambassador on the new initiatives introduced under Pakistan’s new fiscal budget aimed at enhancing investment. The two agreed to work for Pakistan’s economic development, and also to ensure fast track implementation of ongoing projects.
Minister for Finance and Revenue Shaukat Fayaz Ahmed Tarin has said that Government of Pakistan would provide full facilitation to the Chinese companies in Pakistan to ensure long term and sustainable foreign investment in the country.
This was expressed by the minister during a meeting with Chinese Ambassador Nong Rong who called on the minister in Islamabad today (Monday).
Minister for Finance stressed upon the need for economic uplift of the entire region and emphasized that Pakistan is willing to play its role in this endeavour.
Minister for Finance while extending a warm welcome to Nong Rong stated that Pakistan and China enjoy long-term, broad based and multi-dimensional relationship.
He briefed the Chinese Ambassador about the measures introduced in the recent budget for ensuring inclusive and sustained economic growth in the country.
Minister for Finance and Revenue expressed hope that not only Chinese government but the Chinese entrepreneurs would also like to enhance their investment in the field of finance, industry and agriculture development of Pakistan.
Finance Minister and Chinese Ambassador both agreed to take the bilateral relations of both countries to next level in order to ensure sustained economic growth.
Minister for Finance briefed the Chines Ambassador that increase in exports was the top most priority of the Government. He particularly referred to the budget proposals which would specifically promote exports in the long run and usher in growth in the economy.
Nong Rong informed about the progress of Chinese investments in CPEC related projects. He expressed the desire of the present Chinese Government to invest more in all sectors to lift the economic standing of Pakistan. He re-affirmed the commitment of Chinese Government to overcome any obstacle in deepening the bilateral ties between the two countries.
Both sides agreed to hold regular review meetings to ensure fast track implementation of ongoing projects.
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