Pakistan’s Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held key meetings in Beijing with Dr. Pan Gongsheng, Governor of the People’s Bank of China (PBOC), and Mr. Liao Lin, Chairman of the Industrial and Commercial Bank of China (ICBC), to advance bilateral financial cooperation.
During the discussions, the finance minister emphasized Pakistan’s commitment to strengthening economic and financial ties with China, noting the importance of Beijing’s support in stabilizing Pakistan’s economy. The talks focused on enhancing cooperation in banking, investment, and financial services, while also exploring avenues to deepen the role of Chinese banks in Pakistan’s financial system.
Aurangzeb also highlighted ongoing reforms in Pakistan’s financial and economic sectors, which aim to improve transparency, attract foreign investment, and ensure long-term stability. He underscored that China remains Pakistan’s most trusted partner in its journey toward economic recovery and growth.
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The PBOC governor reaffirmed China’s continued support for Pakistan in the areas of financial stability and economic development, while ICBC Chairman Liao Lin expressed keen interest in expanding the bank’s role in Pakistan’s infrastructure and energy financing projects.
The meetings come at a critical time as Pakistan is working to meet commitments under its $7 billion IMF program, while also seeking stronger regional partnerships to boost foreign exchange reserves and support large-scale projects under the China-Pakistan Economic Corridor (CPEC).
Officials said both sides agreed to maintain close engagement in the coming months to ensure timely progress on identified initiatives.
