Close X
Tuesday, January 14, 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

    Pompeos's Remarks On Terrorism During Maiden Call To Imran Khan Trigger Controversy

    Mike Pompeo yesterday spoke to Imran Khan for the first time after the cricketer-turned-politician assumed office last week and sought "decisive action" against all terrorists operating in Pakistan, the US State Department said.

    Pompeos's Remarks On Terrorism During Maiden Call To Imran Khan Trigger Controversy

    Five Illegal Sikh Migrants Released From Sheridan Federal Prison In US

    Five Illegal Sikh Migrants Released From Sheridan Federal Prison In US
    A group of 52 Indians, mostly Sikhs, has been held at a detention centre in Oregon in May for being part of a large contingent of illegal immigrants seeking asylum.

    Five Illegal Sikh Migrants Released From Sheridan Federal Prison In US

    For Kerala, Now Pakistan PM Imran Khan Offers ‘Humanitarian Assistance’

    Pakistan Prime Minister Imran Khan on Thursday extended his condolences for the devastating floods that has ravaged the southern Indian state of Kerala.

    For Kerala, Now Pakistan PM Imran Khan Offers ‘Humanitarian Assistance’

    Indians 3rd-Largest Group Affected By UK's Immigration Scandal

    Indians 3rd-Largest Group Affected By UK's Immigration Scandal
    Indians have emerged as the third-largest group affected by the UK's 'Windrush' immigration scandal involving Commonwealth nationals being wrongly denied their citizenship rights in Britain.

    Indians 3rd-Largest Group Affected By UK's Immigration Scandal

    Temple School In Pakistan Where Muslim Woman Teaches Hindu Students

    Temple School In Pakistan Where Muslim Woman Teaches Hindu Students
    Inside a Hindu temple in a shanty area in Pakistan’s Karachi city, Anum Agha wearing the traditional Muslim Hijab greets her students with ‘salaam’ and gets a loud ‘Jai Shri Ram’ in response.

    Temple School In Pakistan Where Muslim Woman Teaches Hindu Students

    New Jersey Radio Station Hosts Suspended For Racist Rant Get Training On Sikh Religion

    New Jersey Radio Station Hosts Suspended For Racist Rant Get Training On Sikh Religion
    Yesterday,the Sikh Coalition led a Sikh awareness training with nearly 30 employees of NJ 101.5, a radio station owned by Townsquare Media, Inc., after radio hosts made disrespectful comments about New Jersey Attorney General Gurbir Grewal and his turban on July 25th. 

    New Jersey Radio Station Hosts Suspended For Racist Rant Get Training On Sikh Religion