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CPEC important for regional progress: Miftah

Finance minister apprises German ambassador of flood devastation

Federal Minister for Finance and Revenue Miftah Ismail on Wednesday highlighted the importance of China-Pakistan Economic Corridor (CPEC) projects in the development and progress of the region and strengthening of Pakistan-China fraternal bonds.

The minister was speaking in meeting with a delegation of China National Nuclear Corporation (CNNC) headed by its President Overseas, Zhang Guoliang. According to press statement issued by Finance Ministry, Zhang Guoliang, President Overseas CNNC briefed the finance minister on investment in CPEC projects and presented company’s report. He expressed sympathy on the loss of lives, properties and infrastructure due to the recent devastating floods in Pakistan. He also offered his company’s support for the flood relief work.

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The finance minister welcomed the support of CNNC for flood relief, the statement added. Also Miftah on Wednesday apprised German Ambassador Alfred Grannas about the devastation caused by the current floods in Pakistan and the losses it inflicted on country’s economy. According to press statement issued by the Finance Ministry, the Ambassador of Federal Republic of Germany called on the federal minister and during the meeting they discussed matters of mutual interest and cooperation and stressed for enhancing bilateral relations.

Miftah informed the ambassador about the economic policies of the government, aiming at promotion of trade and investment. He also highlighted bilateral relations and their level of development and shared that Pakistan highly values its bilateral ties with the Germany including trade and economic relations. Miftah also congratulated the ambassador on joining his Mission in Pakistan, the statement added. On the occasion, Ambassador Alfred Grannas expressed keen interest in enhancing and strengthening bilateral relations between both the countries especially economic and trade relations. The ambassador also expressed sympathy on the loss of lives and devastation caused by recent floods in Pakistan and extended his country’s full support for provision of flood relief.

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