‘B2B ties essential for technological progress’

By APP
Published: August 24, 2019
Email
PHOTO: FILE

PHOTO: FILE

ISLAMABAD: Promotion of business-to-business (B2B) relationship is essential for technological and industrial development of Pakistan under the second phase of China-Pakistan Economic Corridor (CPEC), remarked Chinese Ambassador to Pakistan Yao Jing.

In a meeting with Federal Minister for Economic Affairs Muhammad Hammad Azhar, the envoy added that this would help enhance Pakistan’s export capacity.

He reiterated his government’s commitment to the strategic relationship with Pakistan and voiced hope that his office would further strengthen relationship between the two countries, according to a statement released on Friday.

The ambassador updated the minister about the progress made on CPEC-related projects.

Yao stated that in the second phase of CPEC, socio-economic development projects, coupled with the grant of financing for the benefit of common man, were a priority.

Speaking on the occasion, Azhar underlined that CPEC was a flagship project of China’s Belt and Road Initiative, which was now entering a new phase of development.

He emphasised the government’s commitment to a swift implementation of the second phase for the benefit of people of Pakistan.

He acknowledged Pakistan’s historic relationship with China and the generous support the latter had been extending. The minister appreciated the economic and financial assistance provided by China to Pakistan during difficult times.

Azhar also highlighted the government’s commitment to developing the human capital. He reaffirmed the government’s desire to provide health, education, clean drinking water and sanitation services to the common man.

The minister also mentioned the Naya Pakistan Housing Project designed to provide shelter to the poor and homeless people of Pakistan.

“The vision of the government now focuses on building institutions, improving governance, ensuring accountability and spending taxpayer’s money for the welfare of common man,” he added.

Published in The Express Tribune, August 24th, 2019.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

Facebook Conversations

Leave Your Reply Below

Your comments may appear in The Express Tribune paper. For this reason we encourage you to provide your city. The Express Tribune does not bear any responsibility for user comments.

Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments FAQ.

More in Business