ISLAMABAD - Chinese Ambassador Sun Wiedong has highly commended Pakistani media’s role making their relationship ever growing.

“I wish Pakistani and Chinese media should work together in consolidating and upgrading these relationship”, he said this while addressing a media forum held here at Pak-China centre.

Pakistan and China will jointly hold a summit later this year for promoting media-to-media cooperation and ensuring proper reporting of the events and developments taking place in the two countries. It also aimed at enhancing media’s collaboration for strengthening people-to-people contact and safeguarding their mutual interest. The seminar was also addressed by former secretaries foreign affairs Sulman Bashir and Akram Zaki, security analyst Shoaib Ajmal and Makdoom Babar, President Pak-China friendship Association. The seminar was comprised a Media-dialogue, participated by Pakistani and Chinese journalists. The speakers deliberated upon various aspects and dimensions of the bilateral relations, especially in the context of prevailing geo-political situation and the role of the two countries in safeguarding their strategic interests.

The speakers were the view that the media could play a major role making successful the on-going efforts of promoting peace, security and development in the region.  The two countries, enjoy rich potential in almost all sectors to deepen their dedicates’ old strategic partnership.

Ambassador Sun highlighted the importance of China-Pak economic corridor project, which he said would be another milestone in the development of their all-round partnership. It reflects China’s strong desire to help Pakistan to overcome its socio-economic problems, particularly the energy crisis.

He said China’s rapid economic growth is in the interest of peace, development and prosperity for people of the entire world.  He praised the efforts of Pak-China media association, which had organized the seminar and hoped that it will pay the way bringing the journalists of the two countries together to face common challenges.  Leader of Chinese media delegation and deputy editor-in-chief of Guangzhou daily media groups highlighted his country’s role in One Belt and One Road and called for more Pakistan-China media collaborations. Chinese ambassador hinted at financial support to Pakistan by the China-proposed Asian Infrastructure Investment Bank (AIIB).

Meanwhile, Chinese President Xi Jinping told the annual conference of the Boao Forum for Asia (BFA) that his country is committed to vigorously promoting a system of regional financial cooperation.

The AIIB is a China-initiated international financial institution aimed at supporting infrastructure projects in Asia.

Twenty-one countries signed a memorandum of understanding in Beijing in October 2014 to build the AIIB. The authorized capital of the AIIB is $100 billion and the initial subscribed capital is expected to be around 50 billion dollars. The paid in ratio will be 20 per cent. Founding members have agreed that GDP will be the basic parameter in determining share allocation among member countries.