Finance Minister Asad Umar holds important meetings with Saudi - Chinese Ambassador

Finance Minister Asad Umar holds important meetings with Saudi - Chinese Ambassador
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ISLAMABAD - Minister for Finance, Revenue, and Economic Affairs Asad Umar says China-Pakistan Economic Corridor project will play an important role in taking Pakistan's economy forward as well as cementing the bilateral relationship.

Talking to Chinese Ambassador Yao Jing in Islamabad today, he expressed his desire to further enhance bilateral cooperation in various fields.

On the occasion, the Chinese Ambassador extended his felicitations to the Minister on assuming his new responsibilities and expressed his good wishes for the new government.

He said he looked forward to work closely with the Ministry of Finance with a view to further increase the economic cooperation between the two countries.

Meanwhile, Saudi Ambassador to Pakistan Nawaf Bin Said Al Malki also called on Minister for Finance, Revenue, and Economic Affairs Asad Umar in Islamabad today.

The Ambassador extended his felicitations to the Minister on assuming his new responsibilities and conveyed the best wishes and full support from King Salman bin Abdulaziz Al Saud.

He said the relations between the two countries are rooted in history and will further strengthen in days to come.

The Minister thanked the Ambassador and said Ministry of Finance will continue to support his efforts for further strengthening brotherly relations between the two countries.

Minister for Finance, Revenue and Economic Affairs Asad Umar chaired a meeting in Islamabad today to review the working of the Economic Affairs Division.

The Minister was given detailed briefing on various aspects of economic cooperation with various bilateral and multilateral development partners.

The briefing included financial progress of different foreign funded projects as well as certain aspects of potential projects to be included in the pipeline in future. The Minister was also briefed on the debt management function of EAD.

On the occasion, Asad Umar said assessment of requirement of foreign assistance is an important function and EAD should regularly update its assessment of various sectors in order to utilize the valuable resources in the most productive manner.

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