Ishaq Dar appreciates Chinese assistance, highlights $1.3bn rollover

July 03, 2023 (MLN): Finance Minister Senator Muhammad Ishaq Dar appreciated Chinese support to Pakistan, especially their rollover of $1.3 billion to boost reserves, during a meeting with Charge’d Affairs, Ms. Pang Chunxue on Monday.

He warmly greeted the Charge de Affairs and appreciated the deep-rooted historical bilateral relations between Pakistan and China.

Ishaq Dar further informed the Charge de Affairs about the progress on the 9th review with IMF stating that Pakistan has successfully reached the staff-level agreement.

He also appraised Ms. Pang Chunxue about stability in the economy and how the government is trying to preserve this economic stability and move the economy towards growth.

Additionally, he appreciated the Chinese support to Pakistan on multiple fronts and specifically thanked for the cooperation of Chinese Financial Institutions with Pakistan during the last few months. 

Ms. Pang Chunxue reciprocated the sentiments about the deep-rooted friendly relations between both countries.

She also appreciated the efforts of the Government of Pakistan to bring economic stability in the country despite difficult economic circumstances.

The two sides also discussed the various avenues available for both countries to deepen bilateral relations in economic, trade, and financial sectors in order to expand the existing cooperation to unprecedented levels.

In the end, Finance Minister Mr. Ishaq Dar expressed gratitude to Ms. Pang Chunxue, Charge’d Affairs for all the support and cooperation Pakistan has always received from the Beijing leadership.

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