ISLAMABAD – During the visit of Prime Minister Imran Khan to China,Pakistan and China agreed to establish a Task Force to further discuss thematters of immediate market access for Pakistan’s exports as well as forthe balance of payments support for Pakistan.
In this connection, a senior level delegation comprising of FederalSecretaries of Finance, Foreign Affairs, Planning and Development andCommerce along with the governor of State Bank of Pakistan will undertake avisit to China during the current week to work out the modalities with theChinese authorities in their respective areas.
According to a statement issued by ministry of finance here on Tuesday, theprime minister’s recent visit to China has moved the overall economicrelationship between the two friendly countries to the next level.
During the visit several avenues of mutually beneficial collaboration wereidentified and a number of Memorandum of Understanding (MOU) were signedbetween the two sides in the sphere of economic cooperation.
These included agreements in the area of socio-economic development,poverty alleviation, agriculture, economic and technical cooperation,forestry, earth sciences, higher education and technology.
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The two sides noted with satisfaction that CPEC’s first stage, whichcomprised of infrastructure and energy sector improvements, has almost beencompleted.
It was decided that the next stage of China Pakistan Economic Corridor(CPEC) will focus on industrial expansion, agricultural revitalization andtrade integration of the two economies.
This phase will help the Government of Pakistan in achieving its objectivesof job creation and export growth. – APP
