Islamabad, 27 July 2022 (TDI): Chinese Ambassador to Pakistan Nong Rong met the Federal Minister of Finance & Revenue, Miftah Ismail.
The two officials discussed the bilateral relations between Pakistan and China.
Pleased to meet H.E. Federal Minister for Finance and Revenue @MiftahIsmail. Exchanged views on bilateral relations and financial cooperation. Committed to working together to cement the iron-clad friendship between the two countries. pic.twitter.com/8MNjIXxTY7
— Nong Rong (@AmbNong) July 27, 2022
In addition, the federal minister and Chinese ambassador talked about the financial cooperation between the two countries. They vowed to work together to strengthen the “iron-clad friendship” of Pakistan and China.
China Pakistan Bilateral Relations
China and Pakistan have maintained warm and amicable ties since the establishment of diplomatic relations in May 1951.
Notably, Pakistan became one of the first countries to recognize the People’s Republic of China. Hence, Pakistan considers China a close ally and neighbor, whereas Beijing considers Pakistan its “Iron Brother.”
The diplomatic relationship between Pakistan and China is characterized by mutual trust, respect, and goodwill. There is a regular exchange of high-level visits between the two countries. As a result, Pakistan-China cooperative relationship has grown enormously over the last few decades.
For many years, China has provided significant military, technological, and financial support to Pakistan.
When it comes to economic relations, China is one of the largest trading partners of Pakistan. It has invested heavily in Pakistan, notably in the construction and power sector. The trade volume between the two countries reached US$ 18 billion in 2018.
Lastly, CPEC is an important chapter in relations with China. The strategic ties have been pushed to a greater position with the formal inauguration of the China-Pakistan Economic Corridor (CPEC).
CPEC is a major project of the President of China Xi Jinping’s “One Road, One Belt” plan. It aims to improve communication and connectivity between Pakistan and China. CPEC is working on several projects to improve infrastructure and generate energy in Pakistan.
