Asian Infrastructure Investment Bank (AIIB) president Jin Liqun attends the opening ceremony of the first annual meeting of AIIB in Beijing, China, June 25, 2016. PHOTO: REUTERS
The delegation is visiting Pakistan currently to explore opportunities for investment in different areas.
Talking to the delegation, Dar said that Pakistan is among the founding members of AIIB and has been a strong supporter of the idea of establishment of another multilateral institution to complement the efforts of the existing institutions, in the Asian region.
He said that Asia has faced a huge deficit in infrastructure and required substantial investments to fill the gaps. The minister appreciated AIIB’s co-financing for M-4 Gojra-Shorkot Motorway and Tarbela-V hydropower project in Pakistan.
He described it as a good beginning in Pak-AIIB cooperation. “Pakistan looks forward to forging a strong partnership with AIIB aimed at strengthening efforts for infrastructure development.”
AIIB vice president stated that Pakistan has been an active member of the bank and was also selected to be the recipient of the first financing by AIIB.
Pandian said that the projects presented by Pakistan for future financing include a number of very important projects and the bank would like to finance some of them based on further discussion with the relevant officials.
He said that the visit of AIIB board of directors to Pakistan will also give both the sides an opportunity to discuss various matters in greater detail.
Published in The Express Tribune, September 12th, 2017.
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