Beijing, 16 May 2024 (TDI): Wu Fulin, Chairman of the Export-Import Bank of China (EXIM Bank), met with Deputy Prime Minister and Foreign Minister of Pakistan, Mohammad Ishaq Dar, in Beijing.
The discussions centered around the enduring partnership between EXIM Bank and Pakistan, focussing on potential future investments.
Deputy Prime Minister Dar appreciated EXIM Bank’s continuous support for pivotal development projects under the China-Pakistan Economic Corridor (CPEC).
Moreover, he emphasized the critical role that EXIM Bank has played in propelling Pakistan’s economic growth and infrastructure development.
During the discussions, Deputy Prime Minister Dar invited EXIM Bank to explore new financing opportunities in the fields of renewable energy, agriculture, industrialization, and other industrial sectors, highlighting the broad spectrum of investment avenues available in Pakistan.
The Export-Import Bank of China (EXIM Bank) aims to facilitate the export and import of Chinese products, promote international economic cooperation and development, and provide financial services for China’s “Going Global” strategy.
In a separate but equally pivotal meeting, Executive Vice President of China Three Gorges Corporation and Chairman of China Three Gorges International Limited, Wu Shengling, also met with Deputy Prime Minister Dar.
The Deputy Prime Minister outlined the Pakistani Government’s ambitious reform agenda, emphasizing the robust opportunities for Foreign Direct Investment (FDI) particularly in infrastructure development and renewable energy sectors.
Deputy Prime Minister Dar lauded China Three Gorges Corporation’s (CTG) contributions to Pakistan’s renewable energy landscape, particularly through its ongoing projects.
He highlighted the significance of these projects in promoting sustainable energy solutions and meeting Pakistan’s growing energy demands.
Vice President Wu Shengling reaffirmed CTG’s steadfast commitment to Pakistan, expressing determination to expedite the completion of the ongoing hydro-projects in Azad Jammu & Kashmir.
These meetings signified a renewed commitment to the strategic partnership between Pakistan and China, particularly through the lens of economic cooperation and sustainable development.
China Three Gorges Corporation (CTG) is a Chinese state-owned power company, primarily focused on the construction and operation of large hydropower projects. CTG has expanded its presence globally, with significant investments in renewable energy projects, contributing to sustainable energy solutions worldwide.
