Close X
Monday, January 13, 2025
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

    'Would You Worship a Donkey or Elephant?' Republican Party Draws Flak for Ganesh Chaturthi Ad

    'Would You Worship a Donkey or Elephant?' Republican Party Draws Flak for Ganesh Chaturthi Ad
    The ruling Republican party in the US has apologised to the Hindu community, after a newspaper advertisement featuring Lord Ganesha, intended to win their support in Texas ended up "offending" them.

    'Would You Worship a Donkey or Elephant?' Republican Party Draws Flak for Ganesh Chaturthi Ad

    After Imran Letter To PM Modi, Sushma Swaraj To Meet Pakistan Foreign Minister In New York

    After Imran Letter To PM Modi, Sushma Swaraj To Meet Pakistan Foreign Minister In New York
    The last formal engagement between the Foreign Ministers took place in December 2015 in Islamabad, which was followed by Prime Minister Narendra Modi’s sudden visit to Lahore.

    After Imran Letter To PM Modi, Sushma Swaraj To Meet Pakistan Foreign Minister In New York

    Indian-Origin Doctor Jayam Krishna Iyer Pleads Guilty To Healthcare Fraud In US

    Indian-Origin Doctor Jayam Krishna Iyer Pleads Guilty To Healthcare Fraud In US
    An Indian-origin doctor has pleaded guilty to a healthcare fraud in the US, the Justice Department said.

    Indian-Origin Doctor Jayam Krishna Iyer Pleads Guilty To Healthcare Fraud In US

    Hate Crime: Indian-Origin Family Targeted In UK Arson Attack

    Hate Crime: Indian-Origin Family Targeted In UK Arson Attack
    An Indian-origin family of four in the UK had a lucky escape when their house was targeted in an “unprovoked” arson attack which the police is treating as a hate crime.

    Hate Crime: Indian-Origin Family Targeted In UK Arson Attack

    Indian-Origin Schoolboy Karanbir Cheema Died From Severe Cheese Allergy In UK

    Indian-Origin Schoolboy Karanbir Cheema Died From Severe Cheese Allergy In UK
    An Indian-origin schoolboy with a severe dairy allergy died after he was allegedly chased and had cheese thrown down his t-shirt, an inquest into his death was told on Wednesday.

    Indian-Origin Schoolboy Karanbir Cheema Died From Severe Cheese Allergy In UK

    Indian National Kanwar Sarabjit Singh Pleads Guilty to Immigration Fraud Scheme

    Indian National Kanwar Sarabjit Singh Pleads Guilty to Immigration Fraud Scheme
    Kanwar Sarabjit Singh, 51, a lawful permanent resident, used Facebook and WhatsApp to falsely represent himself as an employee of the US Department of Homeland Security  

    Indian National Kanwar Sarabjit Singh Pleads Guilty to Immigration Fraud Scheme