ISLAMABAD:
Prime Minister Muhammad Nawaz Sharif has written to his Indian
counterpart Narendra Modi expressing satisfaction over his recent
meeting and said he was looking forward to work with him in harmony to
resolve all unsettled matters through talks.
In a letter released to the media by the Prime Minister’s Office here, the prime minister said he had “returned much satisfied” with a meaningful exchange of thoughts on matters of bilateral and regional interest.
Nawaz Sharif thanked Modi for this generous hospitality in the enduring Subcontinental tradition. He mentioned that millions in Pakistan and India were living in poverty who deserved the foremost attention of their governments.
“In many ways their future is integrated with our common economic destiny, and I firmly believe that in our concerted efforts lies the welfare and prosperity of our two nations,” the prime minister said. “It is my earnest hope that our endeavours will lay the foundation for a much brighter future,” he added.
Nawaz Sharif held talks with Modi in New Delhi last month after attending the inauguration of the Indian premier, who swept to power in a landslide election victory.
Modi’s invitation to Nawaz Sharif was a surprise move seen as a significant olive branch to Pakistan. The letter was sent last week to India’s foreign ministry through the Pakistan High Commission.
Meanwhile, in a meeting with Finance Minister Ishaq Dar, Prime Minister Nawaz Sharif termed the approval for financing of $700 million loan for Pakistan by the World Bank as a historical achievement.
Ishaq Dar apprised the prime minister of the World Bank’s approval for financing the 4,500MW Dasu Hydropower Project.The prime minister said $600 million will be utilised for the Dasu Hydropower Project and $100 million for the Sindh irrigation project.
The premier congratulated Ishaq Dar and his team for this remarkable achievement and said it shows confidence of the multilateral donors and foreign countries in the economy of Pakistan. He said the projects would lessen the power shortages and help in better utilisation of water resources.
The minister said the World Bank’s loans were purely concessionary and cheap. “The repayment schedule is spread over a period of 25 years including five years grace period, with low interest and nominal administrative charge of 2% per annum. It will also help in the reduction of domestic debt,” Ishaq Dar said.
In a letter released to the media by the Prime Minister’s Office here, the prime minister said he had “returned much satisfied” with a meaningful exchange of thoughts on matters of bilateral and regional interest.
Nawaz Sharif thanked Modi for this generous hospitality in the enduring Subcontinental tradition. He mentioned that millions in Pakistan and India were living in poverty who deserved the foremost attention of their governments.
“In many ways their future is integrated with our common economic destiny, and I firmly believe that in our concerted efforts lies the welfare and prosperity of our two nations,” the prime minister said. “It is my earnest hope that our endeavours will lay the foundation for a much brighter future,” he added.
Nawaz Sharif held talks with Modi in New Delhi last month after attending the inauguration of the Indian premier, who swept to power in a landslide election victory.
Modi’s invitation to Nawaz Sharif was a surprise move seen as a significant olive branch to Pakistan. The letter was sent last week to India’s foreign ministry through the Pakistan High Commission.
Meanwhile, in a meeting with Finance Minister Ishaq Dar, Prime Minister Nawaz Sharif termed the approval for financing of $700 million loan for Pakistan by the World Bank as a historical achievement.
Ishaq Dar apprised the prime minister of the World Bank’s approval for financing the 4,500MW Dasu Hydropower Project.The prime minister said $600 million will be utilised for the Dasu Hydropower Project and $100 million for the Sindh irrigation project.
The premier congratulated Ishaq Dar and his team for this remarkable achievement and said it shows confidence of the multilateral donors and foreign countries in the economy of Pakistan. He said the projects would lessen the power shortages and help in better utilisation of water resources.
The minister said the World Bank’s loans were purely concessionary and cheap. “The repayment schedule is spread over a period of 25 years including five years grace period, with low interest and nominal administrative charge of 2% per annum. It will also help in the reduction of domestic debt,” Ishaq Dar said.
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