Finance Minister Ishaq Dar has said the government has adopted fast track policy for the implementation of projects started with the Chinese co-operation. He was talking to Sun Weidong, Chinese Ambassador in Pakistan, who called on him at here on Saturday.
As the country is experiencing a gap between power supply and demand, the Finance Minister underlined the importance of on- going energy projects which could help tackle the energy shortages. He said efforts were not only creating attractive opportunities for Chinese investment in the country but opening new avenues of employment and trade for the people of Pakistan.
The Finance Minister informed the Chinese Ambassador about the latest economic indicators and performance of economy during the last one year. He highlighted the measures proposed in the next budget which provides special incentives for foreign direct investment in Pakistan.
He said that new incentives would attract foreign investors to Pakistan which has huge potential for growth. The Finance Minister appreciated the Chinese contribution for the economic development of Pakistan. The Ambassador while congratulating the Finance Minister on the economic achievements, the country has made in the last one year, said: "We have been impressed by his budget speech and presentation." He underlined the importance of Pakistan-China economic co-operation and said the aim of both governments was to work for pushing ahead our long standing friendship. He added "we would help further boost the existing strong and strategic partnership between the two countries".
The Ambassador discussed avenues for enhancing bilateral co-operation in various fields between the two countries. He appreciated Pakistan's plans for development projects initiated by the present government and added: "Stronger Pakistan is our strength".
The meeting was attended by Ansar Pervez, Chairman of PAEC, Salman Butt, Attorney General of Pakistan, Dr Waqar Masood, Finance Secretary, Rana Assad Amin, Advisor to the Finance Ministry, and senior officials of the Finance Ministry.