AIIB committed to Pakistan’s economic development

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BEIJING: Asian Infrastructure Investment Bank (AIIB) President Jin Liqun has said that the Bank was committed to supporting projects in Pakistan and looks forward to playing its role in the country’s economic development.

The AIIB president had called on Prime Minister Imran Khan in Beijing on Friday.

Prime Minister Imran Khan said that as a founding member of the, Pakistan fully supports the Bank’s mission and looks forward to strengthening cooperation with it.

The premier stated that the AIIB had achieved good results in a very short span of time since its establishment in 2016 and was financing projects in Pakistan.

PM Khan informed the bank’s president that his government had prioritised economic revival and structural reforms. “Pakistan’s government is also making all-out efforts for poverty alleviation,” he added.

The prime minister underscored that several cooperation opportunities existed in Pakistan’s power generation and transmission, transport, water supply sectors, and welcomed AIIB to explore projects in these areas.

President Jin stated that the AIIB would actively engage with Pakistan to review project proposals while upholding the shared principles of openness transparency, independence and accountability. It was also agreed to expedite disbursements for projects in the pipeline.