Pakistan praises China's 'great vision'

New bank said to address challenges of underdeveloped infrastructure

Pakistani Minister of Finance and Revenue Mohammad Ishaq Dar lauded a China-led funding initiative as "historic", as Beijing gathered together 20 regional members to build a bank to fund infrastructure projects in Asia.

The minister is on a two-day visit to Beijing for the Friday signing ceremony of a memorandum of understanding leading to the establishment of the Asian Infrastructure Investment Bank.