Close X
Wednesday, January 15, 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

    Somnath Bharti Tells Court Matrimonial Dispute With Wife Settled

    Somnath Bharti Tells Court Matrimonial Dispute With Wife Settled
    The court listed the matter for further hearing on March 7 next year and stayed the proceedings in the trial court.

    Somnath Bharti Tells Court Matrimonial Dispute With Wife Settled

    Britain To Decide On Pro-Khalistan Rally On August 12: India

    Britain To Decide On Pro-Khalistan Rally On August 12: India
    Ahead of a pro-Khalistan rally scheduled in London on August 12, India on Thursday said it is for Britain to decide whether to allow an event that seeks to promote violence and secessionism.

    Britain To Decide On Pro-Khalistan Rally On August 12: India

    Indian Govt Close To Securing Nabha jailbreak mastermind Ramanjit Singh Romi’s Extradition

     He is wanted by Interpol for his alleged role in terrorist activities and targeted killings in Punjab.

    Indian Govt Close To Securing Nabha jailbreak mastermind Ramanjit Singh Romi’s Extradition

    Over 21,000 Indians Overstayed Visas In US Last Year: Report

    Over 21,000 Indians Overstayed Visas In US Last Year: Report
    In 2017, more than 21,000 Indians who were supposed to leave the US at the end of their permissible limits overstayed their visas, as per the latest official report.

    Over 21,000 Indians Overstayed Visas In US Last Year: Report

    Not Every Brown-Skinned Person Evil, Says Sunayana Dumala, Widow Of Techie Killed In US

    Not Every Brown-Skinned Person Evil, Says Sunayana Dumala, Widow Of Techie Killed In US
    The widow of Indian engineer Srinivas Kuchibhotla told the US Navy veteran who killed her husband that he was always "respectful to others" and would have helped him understand that not every brown-skinned person is evil but is contributing to America's growth.

    Not Every Brown-Skinned Person Evil, Says Sunayana Dumala, Widow Of Techie Killed In US

    Trump Nominates Indian-American Law Professor Aditya Bamzai To Agency On Privacy

    Trump Nominates Indian-American Law Professor Aditya Bamzai To Agency On Privacy
    US President Donald Trump has nominated a prominent Indian-American law professor and legal expert to an agency on privacy and civil liberties.

    Trump Nominates Indian-American Law Professor Aditya Bamzai To Agency On Privacy