Pakistan calls for strengthening economic ties among Asian countries
Addressing Boao Forum in China, PM says Asian countries should focus on regional connectivity.
Prime Minister Nawaz Sharif has urged the Asian countries to wage coordinated efforts for realization of the goal of economic prosperity.
He was delivering his keynote address at the Boao conference in China's Hainan province today (Thursday, April 10).
He said top priority should be given to the resolution of disputes as peace is a prerequisite to economic development.
The Prime Minister particularly appreciated China's economic revival and growth in the last several years.
Nawaz Sharif said the Asian countries should particularly focus on regional connectivity to strengthen mutual contacts through road, sea, and train links.
He said Pakistan-China Economic Corridor will open new avenues for the development in the region.
The Prime Minister said the Asian countries should take effective steps to tap the energies of their youth.
He said the Pakistani government has started the Prime Minister's Youth Business Loans programme and announced scholarships for youth to integrate them into the national economic mainstream.
Nawaz Sharif said the government is also concentrating on overcoming the energy shortfall to ensure its economic development.
The Prime Minister said Pakistan has emerged from the lengthy war on terror, which has negatively affected its economy, trade and industry.
Chinese Prime Minister Li Keqiang in his speech called for strengthening of cooperation among the Asian countries.
He stated this while inaugurating the Boao conference in China's Hainan province this morning. It has been organised by Boao Forum for Asia.
The Chinese Premier said that development remains the top priority of the Asian countries.
He emphasized the need for shared interest and common development of the regional countries.
Li Keqiang said Boao Forum is significant for the economic development of Asia.
Addressing a session titled "Revival of Silk Road", the Prime Minister said the project can prove to be an instrument for economic growth and development of the region.
He said Pakistan is located at the southern edge of the new Silk Road and recognises that political and economic dividends of this vision are unparalleled, both in scale and potential.
The Prime Minister appreciated the Chinese President Xi Jinping for proposing a visionary concept of New Silk Road and renewing everyone's interest in the subject.
He said Pakistan's geographical location supplements the potential of the Silk Road and augments scope of its revival.
About Pak-China Economic Corridor, Nawaz Sharif said Islamabad and Beijing have achieved a broad consensus on planning, various infrastructure and energy projects under the vision of the Corridor.
He hoped it would help alleviate poverty and provide alternative sources of livelihood to millions of people.
Prime Minister Muhammad Nawaz Sharif held a meeting with his Chinese counterpart Li Keqiang on the sidelines of Boao Forum.
They discussed ways to boost bilateral relations in diverse fields.
They also discussed the regional and global issues of common interest.
Nawaz Sharif congratulated Chinese Prime Minister on successful arrangement of Boao Forum for Asia.
He said Pakistan values its relations with China, and promoting friendship with Beijing is the cornerstone of Pakistan’s foreign policy.
Chinese Premier said, we have excellent cooperation in all sectors with Pakistan and share common views on regional and global issues.
Li said China will continue to provide all out cooperation for the development and prosperity of Pakistan.
Chief Minister Punjab Shahbaz Sharif and Special Assistant to PM Tariq Fatemi were also present in the meeting.
Shahbaz Sharif said Chinese speedy economic development is a role model for all nations particularly Pakistan.
He thanked the Chinese leadership and the government for a 32 billion dollars of investment package for Pakistan.
President Exim Bank of China, Lui Ruogu also held a meeting with Prime Minister Nawaz Sharif .
They discussed financing of infrastructure and energy sector projects in Pakistan.
Nawaz Sharif said Chinese companies are planning to invest about 32 billion dollars in Pakistan during the next five years.
He hoped this investment will give much needed boost to our economy.
President, Exim Bank assured every possible support to Pakistan and agreed that the financing process should be undertaken at a faster pace.