ISLAMABAD  -  Finance Minister Asad Umar on Monday expressed his desire to further enhance bilateral cooperation in various fields with China.

Referring to China Pakistan Economic Corridor (CPEC), the Minister said that the corridor will play an important role in taking Pakistan’s economy forward as well as cementing the bilateral relationship. He assured the ambassador of his full support for the assistance in that regard. Finance Minister made these remarks in a meeting with Yao Jing Ambassador of People’s Republic of China.

The Minister greeted the guest and extended his best wishes for the People’s Republic of China. The Ambassador extended his felicitations to the Minister on assuming his new responsibilities and expressed his good wishes for the new government. The Ambassador said that he looked forward working closely with the Ministry of Finance with a view to further increasing the economic cooperation between the two countries.

Meanwhile, Nawaf Bin Said Al Malki, the Saudi Ambassador to Pakistan has also called on the Federal Minister for Finance, Revenue, and Economic Affairs Asad Umar here at the Finance Division.

The Minister greeted the guest and extended his warm wishes for the people of Saudi Arabia. The Ambassador extended his felicitations to the Minister on assuming his new responsibilities and conveyed the best wishes and full support from King Salman bin Abdulaziz Al Saud . The Ambassador said that the bilateral relations between the countries are rooted in history and will further strengthen in future. The Minister thanked the Ambassador and stated that the Ministry of Finance will continue to support his efforts for further strengthening of brotherly relations between the two countries

In other development, Finance Minister chaired a meeting here to review the working of the Economic Affairs Division.

The Minister was given detailed briefing on various aspects of economic cooperation with various bilateral and multilateral development partners. The briefing included financial progress of different foreign funded projects as well as certain aspects of potential projects to be included in the pipeline in future.

 The Minister was also briefed on the debt management function of EAD. The Minister on the occasion stated that assessment of requirement of foreign assistance was an important function and EAD should regularly update its assessment of various sectors in order to utilize the valuable resources in the most productive manner.

Sino Pak ties vital to fix

regional problems: envoy

Chinese Ambassador Yao Jing said that a vibrant Pak-China cooperation was central for tackling challenges in the region and beyond.

While talking to Speaker National Assembly Asad Qaiser in Parliament House on Monday, the Chinese ambassador congratulated Qaiser on his election as the NA speaker and conveyed the best wishes and congratulations from Chinese president and prime minister and chairman National People’s Congress.

He said that strong and prosperous Pakistan was the real strength of China. He asserted that Pakistan had an unrivalled importance in China’s strategic calculations and added that leadership of both the countries had demonstrated an unflinching resolve to further strengthen bilateral relations. Jing said that China and Pakistan shared the vision for regional peace and development manifested in unanimous support for China-Pakistan Economic Corridor (CPEC) initiative.

Qaiser said on the occasion that relations between Pakistan and China were based on shared geopolitical, economic, historical and strategic interests, adding that both the countries always stood with each other at difficult times.

While discussing the Second Speakers Conference to be held in Tehran, Qaiser said that we must resolve our issues with collective wisdom of the region. He further said that the time would come soon when we would control the menace of terrorism and would enhance connectivity for prosperity of stakeholders of the region.

The NA speaker said that Pakistan and China were multi-dimensional partners whereas (CPEC was the most brilliant initiative between the two countries and the entire region. Pakistan is fully committed to timely completion of all projects under the CPEC, the speaker said.

He underlined the need for regular interaction between people, parliamentarians and business community of both the countries to further strengthen the existing relations. On this occasion, the speaker assured his full cooperation and support to resolve difficulties in bilateral trade between the two countries.