ISLAMABAD: Federal Minister for Finance, Mohammad Ishaq Dar along with representatives of other countries that signed the Memorandum of Understanding (MoU) on establishment of Asian Infrastructure Investment Bank (AIIB) had a meeting with Chinese President, Xi Jinping in Beijing.
According to a press statement issued by Finance Ministry here, President Xi Jinping on the occasion renewed his commitment to visit Pakistan and said he looked forward to undertaking the visit.
He felicitated Finance Minister Dar and representatives of other countries on signing the memorandum and said it reflected all the parties’ aspiration, determination and action for unity and cooperation in pursuit of common development.
Xi said that he hoped all sides concerned would make concerted efforts to make the AIIB a financing platform of infrastructure construction featuring equality, inclusiveness and high efficiency, and multilateral development bank that meets the demand of all countries in the region.
Finance Minister, Ishaq Dar also congratulated the Chinese President on signing of the MoU on establishment of AIIB and added that government and people of Pakistan eagerly looked forward to his visit.
The Minister said the AIIB would complement the efforts of the existing multilateral development banks, the statement added. He said in Pakistan the need for developing new infrastructure is immense, adding they were happy that the bank would provide financing support for meeting infrastructure deficits in different Asian countries and help improve connectivity within the region.
He also conveyed to the Chinese President and the people of China, the best wishes of the Pakistani leadership and people.