ISLAMABAD
\nFederal Minister of Finance and Revenue Muhammad Aurangzeb said that China has played a key role in Pakistan\u2019s digital transformation, which is necessary for sustainable economic development in the country.
\nPakistan has the world\u2019s third largest population of freelancers, which would play significant role in future economy of Pakistan, the minister said.
\nPakistan and China have a long-term and vibrant partnership, Finance Minister Senator Muhammad Aurangzeb told China Global Television Network (CGTN) on the sidelines of the World Economic Forum, said a press release issued here on Friday.
\nDuring an interview with CGTN at the World Economic Forum, Pakistan\u2019s Finance Minister Muhammad Aurangzeb highlighted China\u2019s significant role in developing Pakistan\u2019s digital infrastructure.
\nThe Finance minister said that the China Pakistan Economic Corridor (CPEC) Phase-II will focus on the possibilities of transfer of Chinese industries to Pakistan for economic growth and promote export led growth.
\nHe said there will be an effort to make Pakistan an export hub for Chinese industries and Pakistan would also play significant role in global economy.
\nChina has always supported Pakistan in Artificial Intelligence (AI) and technology, financial assistance, investment in Pakistan, and transfer of technology and knowledge, Finance Minister said.
\nHe emphasized the necessity of future collaboration, particularly through the China-Pakistan Economic Corridor, and discussed how China\u2019s GDP growth in 2024 could impact their ongoing partnership.
\n\u201cWe have always learned from the thoughtful Chinese leadership and the fruits of mutual business partnerships will be prominent in the Phase-II of CPEC,\u201dhe said.
\nThe government of Pakistan is trying to launch the Panda Bond this year and \u201cWe are striving to access the worlds largest and deepest Chinese capital market.\u201d
\nHe said the launch of the first \u2018Foreign Direct Investment (FDI) Digital Initiative\u2019 for Pakistan is a matter of honor for us and the government to take Pakistan\u2019s IT sector forward by learning from the experiences of China.
\nThe minister said that this is a significant development for the successful transition of digital infrastructure, establishment of special technology zones, fintech opportunities and AI data centers.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD Federal Minister of Finance and Revenue Muhammad Aurangzeb said that China has played a key role in Pakistan\u2019s digital transformation, which is necessary for sustainable economic development in the country. Pakistan has the world\u2019s third largest population of freelancers, which would play significant role in future economy of Pakistan, the minister said. Pakistan and […]<\/p>\n","protected":false},"author":2,"featured_media":456557,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-457650","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n