Pakistan, China agree on currency swap
Last updated on: 05 November,2018 05:41 pm
In a joint statement, both sides reiterated timely completion of on-going projects.
ISLAMABAD (Dunya News) – Pakistan and China on Sunday reaffirmed their complete consensus on the future trajectory of China Pakistan Economic Corridor (CPEC) project.
In a joint statement, both sides reiterated timely completion of on-going projects and joint efforts for realisation of CPEC’s full potential with a focus on socio-economic development, job creation and livelihoods as well as accelerating cooperation in industrial development, industrial parks and agriculture.
In political relations and strategic communication, both sides stressed that they will continue to view bilateral relations from a strategic and long-term perspective.
The Chinese side reiterated that Beijing s relationship with Islamabad was always a matter of highest priority in its foreign policy. China appreciated Pakistan’s support and reaffirmed its support and solidarity in safeguarding Pakistan’s sovereignty, independence, territorial integrity and security.
Prime Minister Imran Khan stressed Pakistan’s relationship with China as the cornerstone of Pakistan’s foreign policy. “Pakistan unequivocally upholds the one-China policy and supports all efforts made by the Chinese government to realize national reunification,” said the statement.
“The two sides attached importance to friendly cooperation between the People’s Bank of China and the State Bank of Pakistan (SBP). They expressed satisfaction at the operationalisation of the currency-swap agreement and reaffirmed the need to further strengthen cooperative ties of financial and banking sectors between the two countries.
“Both sides noted with satisfaction that Chinese and Pakistani banks have operations in both countries. Both sides agreed to strengthen cooperation on tourism promotion.”