Finance Minister Muhammad Aurangzeb met with Chinese Finance Minister Lan Fo'an, in Washington D.C.

He lauded Chinese invaluable contribution to Pakistan’s development through initiatives such as China-Pakistan Economic Corridor and support at international financial institutions.

He said that Phase-II of CPEC would be about monetizing assets through operationalization of Special Economic Zones and relocation of Chinese Private-Owned Companies.

The Finance Minister thanked the Chinese government for SAFE deposits and their regular roll-overs to plug external financing gaps.

He briefed his Chinese counterpart on priorities of the government including broadening the tax base, fixing the energy sector and overhauling the SOEs.