Chinese Premier’s Landmark Arrival
Chinese Premier Li Keqiang made a historic two day visit to Pakistan and held talks with President Asif Ali Zardari, caretaker Prime Minister Mir Hazar Khan Khoso and the then prime minister-elect Nawaz Sharif, to discuss options to boost trade.
Trade between China and Pakistan hit the US$12 billion mark for the first time last year, up by 18 percent on the previous year. The two sides are committed to raising this to US$15 billion in the next two to three years.
Li, who was on his first overseas tour after being elected prime minister in March, assured officials that both countries would cooperate on power generation as Islamabad makes efforts to end its energy crisis which has brought the economy to a standstill.
During Li’s visit, the two countries also signed agreements related to energy, technology and space; inked the Agreement on Boundary Management System between Xinjiang and GilgitBaltistan; signed a MoU on maritime cooperation, border ports and their management system, and agreed on establishing the Confucius Institute at Karachi University. Other agreements covered an economic corridor plan and satellite navigation.
Li assured that the friendly relations between Pakistan and China will benefit their economic ties. The Chinese premier was confident that the two countries can promote the building of the China-Pakistan economic corridor to boost trade and economic activity.