PM Shehbaz highlights Pakistan’s reforms for attracting FDI in meeting with China Exim Bank president
Prime Minister Shehbaz Sharif, during a meeting with China Exim Bank President Dr. Wu Fulin in Beijing, highlighted Pakistan’s steps to enhance governance, expand the tax net, and improve ease of doing business to attract foreign direct investment. He noted progress in controlling food inflation, narrowing the current account deficit, and making public debt more sustainable. Sharif expressed Pakistan’s interest in Chinese expertise to develop its agriculture sector and in investment for the ML-1 railway upgradation and Karachi circular railway projects. He praised Exim Bank’s support for Pakistan’s industrial, agricultural, and IT modernization. Dr. Fulin reaffirmed the bank’s commitment to prioritizing Pakistan’s projects, emphasizing economic cooperation and sustainable development under CPEC Phase II.
Prime Minister Shehbaz Sharif has said Pakistan is taking steps to improve governance, increase tax net and ensure ease of doing business in order to attract foreign direct investment.
Talking to President of China Exim Bank Dr. Wu Fulin in Beijing today, he said the results of reform measures have started appearing as the inflation in the food sector has been controlled to a great extent. He said the current account deficit has narrowed and public debt has been brought to a more sustainable level.
The Prime Minister said Pakistan wants to learn from the Chinese experiences to uplift the agriculture sector.
Shehbaz Sharif said ML-1 upgradation project is ready for investment and Pakistan also desires Chinese investment in the revival of Karachi circular railway project.
The Prime Minister appreciated EXIM Bank’s continued support for the modernization of Pakistan’s industries, agriculture and IT sectors.
They also discussed the China-Pakistan joint venture projects and the possible role of the Chinese EXIM Bank in trade financing as part of efforts to promote Pakistan’s exports in international markets.
Dr Wu Fulin said every project of Pakistan is a priority for China EXIM Bank. He emphasized the importance of economic and financial cooperation under CPEC Phase II and China Exim Bank’s strategic partnership with Pakistan and cooperation to advance sustainable development under the concept of Shared Prosperity.
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