Abb Takk News
Abbtakk Pakistan MOST POPULAR News Ticker Pakistan TRENDING

PM Imran Meets Russian Counterpart in Shanghai

Shanghai (November 05, 2018): Prime Minister Imran Khan met his Russian counterpart, Dmitry Medvedev, in Shanghai on Monday and invited him to visit Islamabad.

According to sources, the premier met his Russian counterpart on the sidelines of the conference.

Click Play Button Watch This Video

Medvedev congratulated PM Imran on assuming charge of the country, sources said.

The two leaders agreed on strengthening bilateral relations and strategic cooperation between Russia and Pakistan.

PM Imran invited the Russian premier to visit Islamabad, the sources further said.Earlier today, PM Imran, who is on his first official visit to China since assuming charge as the country’s premier, addressed the opening ceremony of International Import Expo in Shanghai.

During his keynote address Prime Minister emphasized the significance of CPEC, saying that CPEC has opened the vista of opportunities in the region.

Click Play Button Watch This Video

He added that CPEC is beneficial for both China and Pakistan and will connect to the Middle East and the wider Gulf region.

He said China Pakistan Economic Corridor will not only impact Pakistan but also many other regions as it will cut distances and costs bringing much needed resources to the producers and products to the consumers.

He said the CPEC is a mechanism to forge even closer connectivity between different regions including middle east, central and South Asia. He was confident that it will open up new vistas and investment opportunities.PM also shared his party’s slogan of change which he had introduced during his election campaign, Khan said that his government is fully committed to bring positive changes in the country.

Thanking China for the love and affection extended to him during his visit, PM Imran said the love between Pakistan and China did not only exist on a state-to-state level but could also be witnessed on a people-to-people basis.

He said that Pakistan will be made more conducive and competitive place for business and investment.

PM said that while unilateral commercialism is aggressively sought by some and protectionism is on the rise, Pakistan takes great comfort in President Xi’s courageous statement that their doors will never shut but will only open even wider.The Prime Minister said the Chinese vision of belt and road initiative is giving shape to shared interests. He said the expo organized by China will help spread dividends of free trade amongst more closely integrated economies.

On the domestic front, the Prime Minister said the PTI government has initiated deep and meaningful reforms impacting all sectors and every aspects of governance.

He said we are committed to improving transparency and accountability processes by introducing seamless smart technology solutions.

The Prime Minister pointed out that Pakistan is blessed with an abundant array of resources ranging from minerals to fertile land to wealth of renewables and the most diverse landscape with 12 climatic zones.Imran Khan said our industries are already producing a variety of goods in the fields of textiles, engineering, IT and medicine including surgical instruments. He, however stressed that our greatest and most promising source is the human. He said we have a young vibrant population whose potential will be exploited.

At the beginning of the International Import Expo, Chinese President Xi Jinping also expressed his thoughts. He said that Digital technology can cause a revolution in the world.

Click Play Button Watch This Video

Further, the Chinese President added that China extends its arms to countries of the world for business activities. He also stressed upon eradication of internal disputes in all countries so that all can come forward and prosper on a global scale together.

Earlier on November 04, Pakistan and China agreed to trade in their local currencies in an effort to reduce dependence on the US dollar.

A currency swap, also known as a cross-currency swap, is an off-balance sheet transaction in which two parties exchange principal and interest in different currencies.The joint statement issued by the Prime Minister Office Media Wing said that the two countries expressed satisfaction at the operationalisation of the currency-swap and reaffirmed the need to further strengthen cooperative ties of financial and banking sectors between the two countries.

Pak-China reaffirmed their complete consensus on the future trajectory of the CPEC and timely completion of its on-going projects. The two countries also renewed the pledge towards making joint efforts for the realisation of its full potential, with a focus on socioeconomic development, job creation and livelihoods as well as accelerating cooperation in industrial development, industrial parks and agriculture.

Both the sides reviewed the early harvest phase of CPEC and expressed satisfaction that rapid progress has been made in all areas, especially in the energy sector.

Related News:

Pak-China Agree To Swap Currency In Trade

PM Imran Meets Chinese Prime Minister Li Keqiang