ISLAMABAD: Minister for Finance Mohammad Ishaq Dar and representatives of other countries who signed the Memorandum of Understanding on establishment of Asian Infrastructure Investment Bank (AIIB) had a meeting with Chinese President Xi Jinping in Beijing.

President Xi renewed his commitment on bilateral ties and said he looked forward to visiting Pakistan, said a statement issued by the Finance Ministry here on Sunday.

He felicitated Mr Dar and representatives of other countries on signing the MoU and said it reflected all the parties’ aspiration, deter­­mination and action for unity and cooperation in pursuit of common development.

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Mr Xi said he hoped all sides concerned would make concerted efforts to make the AIIB a financing platform of infrastructure construction featuring equality, inclusiveness and high efficiency. He expressed the desire to make the AIIB a multilateral development bank that meets the demand of all countries in the region.

Mr Dar congratulated the Chinese president on signing of the MoU and added that the government and people of Pakistan eagerly looked forward to his visit.

In Pakistan, he said, the need for developing new infrastructure was immense, adding they were happy that the bank would provide financing support for meeting infrastructure deficits in different Asian countries and help improve connectivity within the region.

He conveyed to the Chinese president and the people of China the best wishes of the Pakistani leadership and people. Mr Dar also had a meeting with Jiang Jianqing, Chairman of Industrial and Commercial Bank of China.

Published in Dawn, October 27th, 2014