BEIJING: Secretary Ministry of Water and Power Muhammad Younus Dagha has said that Pakistan is of the early recipients of the One-Belt-One Road initiative of Chinese President His Excellency President Xi and the Government of Pakistan has developed a policy framework which is flexible enough to provide for all forms assistance to the initiative.
He was addressing International Infrastructure Investment Forum 2016 at Beijing, China today.
The Secretary said that Chinese Government’s Belt and Road initiative is a right step in the right direction. He said that AIIB (Asia Infrastructure Investment Bank), is yet another initiative by China, which will provide access to concessional financing for high-priority infrastructure projects which may not be of interest to commercial investors.
Mr. Younus Dagha said that matching the aspirations of a developing nation for achieving higher and rapid growth for their economies provides a daunting challenge for the policy makers to provide enabling policy framework for financing the required infrastructure. **
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