Pak, China to enhance trade & economic co-operation
Sunday, November 9 2003 09:59 Hrs (IST)
Islamabad: Pakistan and China have agreed to enhance trade and economic co-operation in the public
and private sector following trade agreements reached between them
during Pakistani President Pervez Musharraf's visit to that country.
Chinese Exim Bank has agreed to extend concessional and preferential credit line of $ 500 million to
enhance exports and imports between the two countries, Pakistan's
Finance Minister Shaukat Aziz, who accompanied Musharraf to China, said at a news
conference.
Aziz said China Development Bank has also expressed its interest to finance infrastructure development
activities in Pakistan.
Musharraf returned to Pakistan after his visit to China and South Korea. Aziz said both the countries
signed a preferential trade agreement during Musharraf's visit to China early this week.
Under this agreement China will give concession on import of 893 items from Pakistan while it will get
concession on 200 items. Aziz said China would send 100 engineers for
Hydrological survey in Thar Coal Project field.
PTI
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