ISLAMABAD: Federal Minister for Finance, Senator Ishaq Dar on Tuesday said that there was a need for a new international rating agency and Universal Credit Rating Group (UCRG) is a welcome addition.
A delegation of led by Chairman UCRG, Zhanjian Guan, including Richard Hainsworth, CEO of UCRG called on the Finance Minister here.
Talking to the delegation the minister said that he was confident that UCRG would maintain the highest professional standards and earn its rightful place in the international financial market.
Senator Ishaq Dar assured the Chairman UCRG that Pakistan would like to benefit from its expertise and services as it has an ambitious plans to launch infrastructure, power and mega projects in the near future.
In this connection he referred to the Gwadar-Kashghar Corridor, Coal Fueled Thermal Power Plant, Lahore-Karachi motor way besides the need for floating financial products for financing public sector projects.
He said a rating company like UCRG which is based in China, a great friend of Pakistan, is good news not only for the Pakistan but also for other emerging economies in the region.
Chairman UCRG, Zhanjian Guan said UCRG is interested to extend its activities in Pakistan and provide its services to Pakistani companies and evaluate financial products.
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