“Our economy is now bouncing back”, he said.

The situation has considerable improved this year. “We have excellent agricultural produce, SMEs shown good results, and remittances almost doubled.”

The projected growth rate for next year is 4 percent which is poised to pick up pace and the health of the global economy is also being restored.

The Pakistan Ambassador thanked China for its help by providing balance of payments support last year. 

Bilateral trade, Ambassador Khan said, would benefit immensely from the three Free Trade Agreements on goods, services, and investment. 

In Q and A session that was lasted for over an hour, Ambassador Khan said that people of Pakistan and Chinese love each other from their core of heart as both sides stood firmly with each other at the time of need.

In this connection, he cited the examples of spontaneous help for rescue and relief given by China to Pakistan after the 2005 earthquake.  Similarly, the people of Pakistan felt traumatized at the plight of the people of Sichuan when they were hit by the earthquake and rushed to their help. 

He said that the construction of Gwadar Port in Quetta, Baluchistan is the flag-ship project of Pakistan-China economic cooperation. In Pakistan there are number of  projects which are being completed with the Chinese support. 

Khan further said that some Pakistani entrepreneurs have shown keen interest to establish their businesses in China, which will certainly help promote economic relations. 

Ambassador Khan invited the students of China Foreign Affairs University to visit Pakistan. “Meet your peers in Pakistan and explore how the younger generation can strengthen the legendary friendship between Pakistan and China.” he observed.