Addressing the delegation led by UCRG Chairman Zhanijan Guan, the finance minister said that he was confident that the credit rating agency would maintain the high professional standards and earn its rightful place in the international financial market, a release said.
The predominant financial ratings in the world are Standard & Poor and Moodys, where Pakistan has a rating of 'B' minus.
Guan responded by saying that UCRG was interested in extending its activities to Pakistan.
The delegation which called on Dar on Tuesday consisted of CEO Richard Hainsworth, MD International Affairs Dagong Jialin Chen and Wei Ding.
Senator Dar said that Pakistan is likely to benefit from UCRG's services since it has a number of plans to launch mega infrastructural and power projects in the near future.
Mentioning the Gwadar-Kasghar Corridor, Coal Fueled Thermal Power Plant and the Lahore-Karachi motorway that was being planned, he said that there was a need for floating financial products so that public sectors projects could be financed.
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@Rehan....remember water car kit saga..........pakistani illiterates arranging meetings like they have discovered god and pakistan will now become superpower.....pakistan are very intelligent people especially their army and politicians
Instant AAA for Pakistan from UCRG !!!
A credit rating agency with close to zero market share, banned in US for 18 months for providing false registration information, moves to China and change its name, yet manages to get a meeting with our finance minister. And the finance minister welcomes this development. We are doomed, folks.
@ali tanoli............I think pakistan will be world super power and china will be second on the list...pakistan GDP will be highest and literacy rate of science and commerce @100% and china will have half the gdp of pakistan and relegious literacy rate of 50%....and chinese will hold a plebiscite to accede to pakistan...what say..
ET..nothing offensive...dont block...
Next super power china-pakistan long live.....