AIIB looks forward to its role in Pakistan's economic development

November 02, 2018 (MLN): The Prime Minister in a meeting with Mr. Jin Liqun, President of Asian Infrastructure Investment Bank (AIIB) in Beijing today has stated that, as a founding member of the AIIB, Pakistan fully supports the Bank’s mission, revealed an official press release today.

According to the official release, the Prime Minister informed President AIIB that his government had prioritized economic revival and structural reforms. The government is also making all-out efforts for poverty alleviation.

Moreover, the Prime Minister underscored that several cooperation opportunities existed in Pakistan’s power generation and transmission, transport, water supply sectors. The Prime Minister welcomed AIIB to explore projects in these areas.

As per the report, President Jin stated that the AIIB was committed to supporting projects in Pakistan.

AIIB would actively engage with Pakistan to review project proposals and look forward to playing its role in Pakistan’s economic development, while upholding the shared principles of openness transparency, independence and accountability.

 It was also agreed to expedite disbursements for projects in the pipeline, stated the press release.

The AIIB had achieved good results in a very short span of time since its establishment in 2016 and was financing projects in Pakistan. Pakistan looks forward to strengthening its cooperation with the AIIB.

Copyright Mettis Link News