SINOSURE to continue support for China-Pakistan economic cooperation: company president

Pakistan Ambassador to China Moin Ul Haque had a meeting with Cai Xiliang, president and vice chairman of China Export and Credit Insurance Corporation (SINOSURE) on Thursday, with both agreeing to continue supporting bilateral economic cooperation between China and Pakistan.

Pakistan Ambassador to China Moin Ul Haque (R3) meets with Cai Xiliang (L3), president and vice chairman of China Export and Credit Insurance Corporation on 27 May, 2021.

Cai said that the 70th anniversary of the establishment of diplomatic relations was an important milestone for the all-weather strategic cooperative partnership between the two countries. As a policy-oriented insurer, SINOSURE would continue its longstanding support for the wide-ranging bilateral economic partnership. Trade and investment ties had grown rapidly with the advent of the China-Pakistan Economic Corridor (CPEC), which had ushered in a new era of development, prosperity and regional connectivity as the flagship of the Belt and Road Initiative.

The ambassador noted that friendship with China was the cornerstone of Pakistan’s foreign policy, which also enjoyed strong support from the leadership of the two countries. He thanked SINOSURE for its continued support in realizing the shared vision of the leaders of both countries through CPEC’s expeditious implementation and effective operation. He assured Cai of the Pakistan government’s full commitment to CPEC projects.

CPEC has brought tangible benefits to the people of Pakistan and helped with Pakistan’s development and economic modernization. CPEC’s next stage of development would unleash multiplier effects through the joint focus on industrial capacity relocation, agricultural modernization and socioeconomic development.