Federal Minister of Finance Senator Ishaq Dar met with President of China Development Bank (CDB) Zheng Zhijie in Beijing Monday. During the meeting the Minister acknowledged CDB''s support on projects in Pakistan. He said that mega projects in Pakistan of dams and water reservoirs for flood control and agriculture could also benefit from CDB financing. He mentioned that Pakistani policy regime in the power sector was very rewarding and commercially viable projects had attracted the private sector in particular to invest.
Zheng Zhijie said that CDB had maintained to be the largest cross border financier in China since the last six years. The bank had seen great results of cooperation with Pakistan and hoped to achieve more support for further business expansion in the country. He mentioned that Pakistan China Investment Company had also performed well last year.