ISLAMABAD
\nMinister for Finance and Revenue, Senator Muhammad Aurangzeb on Monday held important meetings in Beijing with Dr Pan Gongsheng, Governor of the People\u2019s Bank of China (PBOC), and Liao Lin, Chairman of the Industrial and Commercial Bank of China (ICBC).
\nDuring his meeting with the Governor of the People\u2019s Bank of China, the Finance Minister expressed deep appreciation for China\u2019s longstanding political, diplomatic and economic support to Pakistan, said a press release issued by the Ministry of Finance.
\nHe briefed the Governor on Pakistan\u2019s recent economic performance, the government\u2019s reform agenda, and the positive outlook reflected in improved international credit ratings.
\nThe Minister acknowledged the crucial role of the PBOC in supporting Pakistan through multilateral engagements and in strengthening financial cooperation between the two countries. He underscored the importance of deepening financial integration and expanding cooperation in areas of mutual interest.
\nIn his meeting with the Chairman of ICBC Mr Liao Lin, the Finance Minister conveyed Pakistan\u2019s gratitude for ICBC\u2019s continued support in development financing, commercial facilities, and the refinancing of existing obligations.
\nHe emphasized that ICBC\u2019s strong presence in Pakistan reflects the deepening financial and economic partnership between the two countries.
\nThe Minister further discussed prospects for enhanced cooperation in investment, trade financing, and Pakistan\u2019s forthcoming initiatives in financial diversification.
\nThe Finance Minister underlined that Pakistan\u2019s economic reform programme is designed to deliver long-term stability, resilience, and sustainable growth. He emphasized that partnerships with Chinese financial institutions are not only vital for meeting immediate financing needs but are also integral to Pakistan\u2019s broader strategy of diversification, financial innovation, and regional integration.
\nHe highlighted that new initiatives, such as accessing the Chinese onshore markets, will help open fresh avenues for investment, strengthen market confidence, and align Pakistan\u2019s financial system more closely with regional dynamics.
\nBoth sides agreed that the Pakistan\u2013China economic partnership has entered a new phase, with opportunities to deepen cooperation across banking, investment, and capital markets.
\nThe Finance Minister stressed that Pakistan is determined to consolidate these opportunities by creating an enabling environment for investment, building resilient financial structures, and pursuing reforms that expand the scope of bilateral cooperation.
\nSenator Aurangzeb reaffirmed Pakistan\u2019s commitment to a forward-looking partnership with China, where financial cooperation will serve as a cornerstone for broader economic engagement.
\nHe expressed confidence that today\u2019s meetings will further strengthen the roadmap for enhanced collaboration, ensuring that Pakistan\u2013China ties continue to contribute to stability, development, and shared prosperity in the region.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Monday held important meetings in Beijing with Dr Pan Gongsheng, Governor of the People\u2019s Bank of China (PBOC), and Liao Lin, Chairman of the Industrial and Commercial Bank of China (ICBC). During his meeting with the Governor of the People\u2019s Bank of China, the Finance […]<\/p>\n","protected":false},"author":2,"featured_media":465104,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-500547","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n