Pakistan may join Asian Financial Cooperation Association

pakistan-may-join-asian-financial-cooperation-association

BEIJING: Pakistan may join Asian Financial Cooperation Association, proposed by the Chinese Premier Li Keqiang while addressing Boao Forum for Asia, 2016.

The Forum was also attended, among other World leaders by Minister for Planning and Development Ahsan Iqbal, who welcomed the proposal and said Pakistan will be on forefront further strengthening its socio-economic partnership with the regional countries. We highly appreciates China’s role in financial management for win-win situation, he added.

Premier Li said the Association could help to improve markets and prevent financial turmoil.  Asia is home to the largest number of emerging economies and has kept up growth momentum.

In Asia, developing countries alone recorded average growth of 6.5 percent in 2015, contributing about 44 percent of the world’s total growth, he said.

“We have reason to be more confident, but we must foster further growth momentum, and play a more important role in the economic recovery of Asia itself and the world at large,” he said.

He also expressed hope that all countries in the world will deepen cooperation, coordinate policy and oppose protectionism in any form, he said.

The Boao Forum, held in China’s southernmost province of Hainan, is themed “Asia’s New Future: New Dynamics and New Vision” this year. More than 2,000 participants from over 60 countries and regions attend the forum.

Source: http://nation.com.pk/business/24-Mar-2016/pakistan-may-join-asian-financial-cooperation-association

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