Efforts on to double trade with Beijing
External economy has started improving with contraction in trade and current account deficits, which helped the rupee to stabilise. photo: file
Pakistan’s Ambassador to China Moinul Haque has said that China is a role model for international cooperation and the global community should follow China’s example and make concerted efforts for greater international economic cooperation and regional connectivity.
Addressing the “Beijing Day and Invest in Beijing Summit” at the China International Fair for Trade in Services (CIFTIS) on Saturday, the ambassador said Beijing’s development was giving a fresh impetus to the local economy, increasing capital flows and foreign investment to spur industrial advancement and innovation.
“China is committed to working with different countries for promoting multilateralism, inclusiveness and cooperation in all fields,” China Economic Net (CEN) quoted the envoy as saying.
“China is Pakistan’s largest trading partner and we are making efforts to double bilateral trade by cashing in on the China-Pakistan Free Trade Agreement,” Haque added.
He said that the China-Pakistan Economic Corridor (CPEC), the flagship project of the Belt and Road Initiative, provided another useful platform for concrete and mutually beneficial cooperation, adding that in the second phase of CPEC, Pakistan was focusing on agricultural modernisation, innovation and technologies, and Chinese investors should get benefit of the opportunities existing in Pakistan.
“I would like to take this opportunity to express special gratitude from the government and the people of Pakistan to the Chinese government and people for their very generous and timely support in these difficult times that we are facing because of floods.”
He added that “this is a concrete example of our long-standing tradition of supporting each other whenever we face difficulties and national disasters”.
He called for joining hands “to shape a community of shared destiny of our two countries rooted in mutual trust, strategic vision and closer economic engagement for the future prosperity of our two countries”.
Published in The Express Tribune, September 4th, 2022.
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