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Pakistan, China to increase trade to $20 bn: Ahsan Iqbal

Discussion in 'Pakistan Economy' started by cb4, Jul 6, 2013.

  1. cb4

    cb4 ELITE MEMBER

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    ISLAMABAD: Federal Minister for Planning and Development Ahsan Iqbal has announced that the governments of Pakistan and China have made new advancements for enhancing the economic relationship between the two countries.

    Talking to a local television channel, he said that the recent visit by Prime Minister Nawaz Sharif to China saw him signing various agreements with the Chinese leadership in the fields of trade, energy and communication.

    As part of an effort to boost the annual trade volume between the two countries from $12 billion to $20 billion, leaders from both countries had agreed to construction of economic and industrial cities in Gawadar and other parts of Pakistan. They had reached agreements over the establishment of trade corridors and railway links as well as in the area of power development.

    The minister added that delegates of both countries had signed agreements for hydro-energy, solar energy and coal-based power projects as well as specifically discussing the Neelum-Jhelum and Diamer- Bhasha Hydropower projects.

    Pakistan, China to increase trade to $20 bn: Ahsan Iqbal – The Express Tribune