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A delegation of Asian Infrastructure Investment Bank (AIIB) led by Vice President Mr. D.J.Pandian called on Deputy Chairman Planning Commission, Mr. Sartaj Aziz here at Planning Commission today. The AIIB delegation included Mrs. Supee Teravaninthorn, Mr. Dong Ik Lee, and Mr. Shakil Khan.
The delegation highlighted active participation of Pakistan in the process of establishment of the Bank and assured support in the future. It further highlighted that AIIB primarily aims to bridge infrastructure gaps in Asia by providing diverse financial options which is vital for the development of region and socio-economic uplift of the people.
Mr. Sartaj Aziz appreciated the relationship of AIIB with Pakistan adding that the Bank enjoys across the board political, institutional and popular support that sets it apart from relationship with other multilateral financial and development institutions. He acknowledged that the establishment of AIIB will fill in the financial vacuum in Asia by providing a new window of financing and would support up-gradation of infrastructure in areas of transport, energy, and development of urban centers for sustainable development. Explaining the economic and development history of Pakistan, he underscored the importance of China Pakistan Economic Corridor (CPEC) for the two countries and region. Furthermore, he invited AIIB to assist Pakistan in preparing a master plan for renewable energy and support some of their projects.
On the occasion, the delegation was briefed about CPEC projects and on Vision 2025 for the Pakistan’s economy.