‘CPEC, economic linkages further deepen Pak-China relations’

ISLAMABAD: Prime Minister Shehbaz Sharif has asserted that China-Pakistan Economic Corridor (CPEC) and the growing economic linkages had deepened the roots of the abiding friendship between the peoples of Pakistan and China.

The prime minister made these remarks during a meeting with Yang Jiechi, Member of the Politburo of the Communist Party of China (CPC) Central Committee and Director of its Foreign Affairs Commission, who called him.

During the meeting, the prime minister said that Pakistan stood ready to work closely with China for realizing both countries’ shared vision of connectivity, prosperity and public well-being.

Pakistan would also continue to support Chinese investors with competitive incentives, access to high-quality infrastructure and unwavering security arrangements, he added.

Director Yang Jiechi was accompanied by Vice Ministers for Foreign Affairs and Commerce, Vice Chairman of the China International Development Cooperation Agency (CIDCA) and Deputy Secretary General of China’s National Development and Reform Commission (NDRC).

The prime minister underscored the significance of Director Yang’s visit for accelerating the implementation of the leaders’ consensus on further enhancing bilateral relations across all domains.

He highlighted that economic cooperation had become a mainstay of the wide-ranging Pakistan-China partnership.

He expressed satisfaction at growing bilateral trade and financial linkages, with China’s unstinting support playing an invaluable role in helping Pakistan offset external shocks to the global economy and demonstrating the continued resilience of Pakistan-China cooperation at a time of heightened uncertainty on the world stage.

The prime minister particularly thanked China for renewal of the RMB 15 billion (US $ 2.3 billion) syndicate facility.

The prime minister also thanked China for its support and assistance to Pakistan’s efforts towards preventing the spread of COVID-19 pandemic by providing millions of vaccine doses as well as protective and medical equipment.

Recalling the recent visit of the tri-services delegation to China led by the Chief of Army Staff, he expressed satisfaction at the expanding defence and security cooperation between Pakistan and China which was contributing to the regional peace and stability.

from Latest Pakistan News Breaking News from All over Pakistan - ARY News https://ift.tt/i9OY7B8

Comments

Rajanpur accident claims five lives, 20 injured

RAJANPUR: At least five people were dead and 20 others sustained injuries when a passenger bus overturned in Punjab’s Rajanpur district, ARY News reported on Sunday. As per details, the ill-fated passenger bus was going to Jacobabad from Sakhi Sarwar with pilgrims, when it met an accident in Fazilpur, Rajanpur. The rescue sources confirmed that at least five persons were dead on the spot, while 20 others sustained injuries. Rescue teams reached the spot after being informed and shifted the dead and injured to a nearby medical facility. Read more: Six dead, 30 injured in bus accident in Khanewal Earlier on May 31, at least six people had been killed while 30 others were injured when the passenger bus they were travelling in had turned turtle after skidding off a bridge in Khanewal. According to rescue officials, the incident had taken place near Pull Rango. They had said the ill-fated bus was on its way from Lahore to Multan when it had met an accident. The driver of the vehic

Minor boy raped, murdered by uncle in Bannu

BANNU: In yet another incident of sexual assault, a four-year-old boy was allegedly raped and later killed in the Bannu District of Khyber Pakhtunkhwa, ARY News reported on Sunday. According to police, the incident took place at Jaman Road in Bannu city where a four-year-old boy was raped and killed by her maternal uncle. The suspect has been taken into custody and is currently being interrogated, said police. Meanwhile, the body of the deceased child has been shifted to a hospital, the police said. Read more: Layyah gang rape: Police arrest two nominated suspects Previously, a girl was allegedly raped by an armed man in a village within the jurisdiction of Saddar police station in Punjab’s Layyah district. Police said the accused, identified as Shahid barged into the house of the victim and raped her at gunpoint. A case has been registered against the accused. from Latest Pakistan News Breaking News from All over Pakistan - ARY News https://ift.tt/o0h5nLT

Pakistan agrees to IMFs demands for revival of loan programme

ISLAMABAD: Pakistan has hinted at addressing the concerns put forward by the International Monetary Fund (IMF) in the federal budget for FY2023-24, ARY News reported, citing sources. Pakistan’s efforts are underway to restore the stalled loan programme with the IMF and the breakthrough is likely within two days. According to sources, Pakistan has decided to address the IMF’s concerns in the budget. Sources claimed that Pakistan has started changes upon the demands of the IMF and changes are being made in the budget speech. Pakistan has once again provided working to the IMF on $6 billion in external financing. Sources say the IMF’s demand for collecting more than Rs215 billion from the people has been accepted by the federal government. Read more: SBP lifts all restrictions on imports to fulfil IMF condition The IMF has asked Pakistan to abolish subsidies for the textile sector and increase electricity tariffs, the sources said. According to sources, the IMF had also demande

News Point

Search This Blog