Prime Minister Shaukat Aziz said on Tuesday that Pakistan was keen to see more investment from the China Development Bank (CDB) into infrastructure development, energy, banking, dams and agro industry for the mutual benefit of the two countries.
Talking to CDB Governor Chen Yuan, Prime Minister Shaukat Aziz expressed confidence that its co-operation with Pakistani banks and financial institutions would be very beneficial for the two countries. The CDB Governor said there was a broad range for co-operation between the two countries and a consortium could be formed for joint investments in various areas.
Prime Minister Aziz, appreciating the CDB's interest in Pakistan, said there was a need to identify long-term and sustained co-operation between the two countries. He said he was on one of his longest foreign visits, as it was part of the vision of both the countries to increase collaboration in all areas and the two enjoyed a strategic partnership.
He said about 50 percent of the banks in the country were in private hands and the overall reform in the financial sector had helped attract huge foreign direct investment (FDI) of over 5.5 billion dollars during the current financial year.
He also appreciated the signing of a memorandum of understanding (MoU) between the Karachi Stock Exchange and Shanghai Stock Exchange for enhanced co-operation.
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