BEIJING: Pakistan’s Finance Minister Muhammad Aurangzeb and Federal Minister of Energy Sardar Awais Ahmad Khan Leghari, held a bilateral meeting with Chinese Minister of Finance Lan Fo’an in Beijing here on Thursday.
Pakistani Ministers briefed the Chinese Minister on the government’s efforts to introduce tax and energy reforms in the system.
Both sides exchanged views to strengthen bilateral economic cooperation including boosting financial and banking cooperation.
Pakistan’s Finance Minister is in Beijing on a three-day visit to China, aiming to discuss the rescheduling of a $15 billion energy loan.
According to media reports, a joint working group may be established between Pakistan and China to facilitate the loan rescheduling.
The talks will also address issues related to China’s energy circular debt, which currently amounts to approximately Rs500 billion.
The Finance Minister is also expected to hold talks regarding the Panda Bond, as Pakistan seeks to secure $30 million through this financial instrument in China.
The Finance Minister’s discussions will also cover the ongoing efforts and developments on CPEC and other collaborative projects.
