ISLAMABAD  - Finance Minister Senator Ishaq Dar on Friday said that Pakistan and China are great friends having close cooperation and open foreign policy and extensive economic cooperation will take our relations to a new height.

He said this while talking a delegation of China Development Bank led by Ms. Liu Hui, Deputy Director General and Board of Directors of Pakistan-China Investment Company.

The Finance Minister said that China has always been great friend of Pakistan and it is an all-weather relationship. He underlined that the political leadership of both the countries have a common vision and talk of the robust economic cooperation between the two countries and regional connectivity. He said that there is a great potential for investment by the private sector of China into energy and infrastructure projects. He emphasised the importance of providing assistance and financing facility to the private sector in order to achieve the goals of extensive economic cooperation.

He also mentioned about the economic progress, Pakistan has made during the last one year. He said that all the macro-economic targets were achieved with considerable increase in revenue collection and foreign remittances. He said that with growth in exports and decrease in imports, the trade deficit has improved. He further underlined that our stock exchange performed very well and hoped that with political stability in the country, the economy will perform better in current fiscal year.

The Finance Minister underlined that the Pakistan-China Investment Company can play an important role in developing economic cooperation between the two countries. He said that there is a lot of potential in private sector of the two countries and Company can play a bigger role to promote mutual trade and investment in order to bring development and prosperity in the region.

The Deputy Director General said that the economic corridor will set a good example of Pakistan-China cooperation and the China Development Bank is playing an important role in developing our friendship. She informed that the Bank will play a role of bridge between the private sectors of both the countries for development of Pakistan. She informed that Chinese investors are interested in exploring Pakistani market and there is a great scope for joint ventures. She hoped that with the future cooperation between the two countries, there will be a new era of development. She conveyed the sentiments of the Governor of the China Development Bank to the Finance Minister. The meeting was also attended by Dr Waqar Masood, Finance Secretary, Saleem Sethi, Secretary Economic Affairs Division, Tariq Bajwa, Chairman FBR, Rana Assad Amin, Advisor to Finance Ministry, Shahid Mahmood, Additional Finance Secretary/SA to Finance Minister and senior officials of the Ministry of Finance.