LAHORE MIRROR — The 10th-anniversary celebrations of the China-Pakistan Economic Corridor (CPEC) reached a momentous milestone as Finance Minister Ishaq Dar officially inaugurated the Bank of China in Islamabad on Monday.
During the grand inauguration ceremony, Mr Dar expressed profound gratitude to the Chinese authorities for their unwavering support to Pakistan during challenging times. He highlighted the pivotal role played by China in helping Pakistan overcome various economic difficulties successfully.
It is worth mentioning here that the joint venture between the two nations, CPEC, has proved to be a transformative project, paving the way for closer economic ties and regional connectivity between China and Pakistan.
The finance minister took the opportunity to share positive statistics on Pakistan’s economic performance, showcasing the nation’s trajectory of improvement. He proudly mentioned that international rating agencies have raised Pakistan’s credit rating, a testament to its economic progress and financial stability. He asserted that with resilient efforts, Pakistan has emerged from tough times and is now embarking on a journey of growth.
Amidst the celebration of the 10th anniversary of CPEC, Mr Dar also expressed optimism about the Chinese currency, the Yuan, becoming a widely accepted alternative currency in the global arena. This indicates the increasing confidence and cooperation between China and Pakistan in the financial realm, providing new avenues for investment and financial transactions.
The inauguration of the Bank of China in Islamabad sets the stage for both countries to leverage their strategic partnership and unlock new avenues of growth and prosperity for their people. The presence of a major Chinese bank on Pakistani soil will undoubtedly boost economic activities and facilitate cross-border transactions, opening up doors for increased trade and investments.
The China-Pakistan Economic Corridor, launched in 2013, has already left a significant impact on the economies of both nations. With its focus on infrastructure development, energy projects, and trade facilitation, the CPEC has ushered in a new era of cooperation and growth in the region.
