Wednesday May 22, 2013

Pakistan, China sign multiple MoUs, agreements

ISLAMABAD: Pakistan and China Wednesday inked a number of economic/technical agreements and memorandum’s of understanding, Geo News reported.

The deals were inked at Aiwan-e-Sadr after detailed one-on-one meetings as well as delegation-level talks between both the friendly countries here at Aiwan-e-Sadr.

The two countries signed a series of cooperation documentscovering the economy, culture, and science and technology.

"Both sides have a desire to converge China's strategy toboost domestic demand and develop its western region andPakistan's desire to further deepen its economic development,"Li said after the signing.

Talking to a news conference, Chinese Premier Li Keqiang, who was flanked by President Asif Ali Zardari, said these accords would bring Islamabad and Beijing even closer strategically.

He said such deals were significant in strengthening the ties further in multiple fields, adding both the brotherly states share a time-tested friendship, which goes beyond politics.

Speaking on the occasion, President Zardari said China’s economic progress was archetype for the whole region.

On the occasion Chinese PM also announced a grant of 50 million yuan for Pakistan.