Sunday, April 28, 2024
ADVT 
International

China Declines To Reveal Details Of Financial Aid Planned For Pakistan

Darpan News Desk IANS, 07 Nov, 2018 12:48 PM
    China has once again declined to quantify the financial assistance it is willing to provide to Pakistan.
     
     
    Pakistan Prime Minister Imran Khan visited China from November 2 to 5 during which he held talks with President Xi Jinping and Premier Li Keqiang for China's help to tide over the serious economic crisis faced by cash-strapped Pakistan which included balance of payments.
     
     
    China termed his talks with top Chinese leaders "very successful".
     
     
    During Mr Khan's visit to Saudi Arabia last month, the Gulf Kingdom agreed to provide Pakistan $3 billion in balance of payment support and additionally give oil worth $3 billion on deferred payment.
     
     
    Earlier reports from Pakistan said Beijing has committed a similar amount during Mr Khan's visit but Chinese officials declined to confirm it.
     
     
    Pakistan's Finance Minister Asad Umar who accompanied Mr Khan said on Tuesday that China had promised at the highest level to help through an assistance package to tide over the crisis but did not reveal the amount.
     
     
    A team of Pakistani officials is expected to reach Beijing on November 9 to finalise the details.
     
     
    Foreign Ministry spokesperson Hua Chunying said Beijing would provide assistant to the best of its capacity. "Pakistan is China's all weather partner. We enjoy very good relationship that has been operating at a very high level," she said.
     
     
    "We have been offering our assistance to Pakistan within the best of our capacity. In the future, in the light of Pakistan's need and as per our mutual agreement, we will continue to offer help economically and for betterment of people's livelihoods," she said.
     
     
    Pakistan recently also approached the International Monetary Fund for a bailout package and wants to minimise its loans with the international lender apprehending stringent financial conditions which included scrutiny of the confidential details of the CPEC.
     
     
    During Mr Khan's visit to China, Pakistan media reported that Beijing had agreed to provide $6 billion in aid to the cash-strapped country which included a loan of $1.5 billion along with an additional package of $3 billion for the CPEC.
     
     
    This being his first trip after he took over as Prime Minister, his talks with President Xi and Premier Li helped to establish good working relationship, Ms Chunying said.
     
     
    "We believe our ties withstood the test of times in domestic and international changes," she said.
     
     
    Besides agreeing to strengthen the all-weather strategic partnership, both the countries have also agreed to expand the CPEC projects and establish strategic dialogue mechanism between their foreign ministers, she said.

    MORE International ARTICLES

    Birthright Citizenship Has Created Birth Tourism Industry: Donald Trump

    Birthright Citizenship Has Created Birth Tourism Industry: Donald Trump
    In his latest hardline immigration rhetoric, the US President on Tuesday expressed his intention to take the path of an executive order to deny automatic citizenship to children born to non-American parents in the US.

    Birthright Citizenship Has Created Birth Tourism Industry: Donald Trump

    Prominent Pakistani Cleric, Known As Godfather Of Taliban, Stabbed To Death In Rawalpindi

    Maulana Samiul Haq, a former Pakistani Senator more widely known as the "Father of Taliban", was stabbed to death on Friday while resting in his room in Rawalpindi city, his family said.

    Prominent Pakistani Cleric, Known As Godfather Of Taliban, Stabbed To Death In Rawalpindi

    World Bank Chief Hails India's 'Unprecedented' Ease Of Business Ranking

    World Bank Chief Hails India's 'Unprecedented' Ease Of Business Ranking
    Jim Yong Kim made these remarks during a telephonic conversation with Prime Minister Narendra Modi, a statement from the Prime Minister's Office said.  

    World Bank Chief Hails India's 'Unprecedented' Ease Of Business Ranking

    H-1B Is A 'Work In Progress,' Says Donald Trump's Aide

    H-1B Is A 'Work In Progress,' Says Donald Trump's Aide
    H-1B: Larry Kudlow, who is the chief economic advisor to President Donald Trump, in an interaction with reporters agreed that H-1B attracts talented professionals and companies currently are having difficulties in hiring people on H-1B visas.

    H-1B Is A 'Work In Progress,' Says Donald Trump's Aide

    Modi Vest Or Nehru Jacket? Modi's Gift To South Korean President Stirs Twitter Debate

    However, the tweet triggered a series of reactions with many people correcting the South Korean president for calling the 'Nehru jacket' "Modi Vest'. Former Chief Minister of Jammu and Kashmir Omar Abdullah also pitched in.

    Modi Vest Or Nehru Jacket? Modi's Gift To South Korean President Stirs Twitter Debate

    Kolkata-Born Research Scientist Rahul Mandal Wins UK's Popular Baking Show 'Great British Bake Off'

    An Indian research scientist born in Kolkata has been crowned the winner of a popular baking show on British television after winning over the judges with his intricately-designed cakes and pastries.

    Kolkata-Born Research Scientist Rahul Mandal Wins UK's Popular Baking Show 'Great British Bake Off'