June 06, 2024 (MLN): Prime Minister Muhammad Shehbaz Sharif met with Dr. Wu Fulin, Chairman of the China Export-Import Bank (EXIM), in Beijing today to discuss the potential role of the bank in financing Pakistan-China joint venture projects and trade financing to boost Pakistan’s exports to international markets.
Prime Minister highlighted the reform agenda of the Government of Pakistan, with its focus on governance, taxation, and ease of doing business to attract Foreign Direct Investment (FDI).
He said that the reform measures had already started to yield results as food inflation had been successfully tapered, current account deficit reduced and public debt brought down to a more sustainable level.
The Prime Minister appreciated the EXIM bank’s continued support for the modernization of industries, agriculture and IT sectors of Pakistan.
The Chairman of EXIM Bank underscored the critical role of economic and financial cooperation under CPEC phase II and CEXIM bank’s strategic partnership with Pakistan and support to advance sustainable development under the concept of ‘shared prosperity’.
