ISLAMABAD: In meeting with potential Chinese investors here, Prime Minister Shehbaz Sharif informed that Pakistan was working on enhancing governance, expanding its tax net and facilitating business practices to help attract foreign direct investment.

During meeting with China Exim Bank’s President, Wu Fulin, premier said that results of reform measures are beginning to show in food market, as inflation has been controlled to great extent. 

He said current account deficit has narrowed and public debt has been brought to more sustainable level. He said Pakistan wants to learn from Chinese experiences to uplift agriculture sector. He said ML-1 upgrade project is ready for investment and Pakistan also desires Chinese investment in reviving Karachi Circular Railway project. He appreciated Exim Bank’s continued support in modernising efforts in Pakistan’s industries, agriculture and IT sectors. They discussed China-Pakistan joint venture projects and possible role of Chinese Exim Bank in trade financing as part of efforts to promote Pakistan’s exports in international markets. During meeting, Dr Wu Fulin said every project in Pakistan is priority for China Exim Bank.

He emphasised importance of economic and financial cooperation under CPEC Phase II and China Exim Bank’s strategic partnership with Pakistan and collaboration to advance sustainable development under concept of Shared Prosperity.