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

    From 'Citizen' Kane To Mayor Kane. WWE Wrestler Glenn Jacobs Wins Election Bid

    From 'Citizen' Kane To Mayor Kane. WWE Wrestler Glenn Jacobs Wins Election Bid
    The votes tally showed Kane leading the race 2-1 against his Democrat opponent Linda Haney.

    From 'Citizen' Kane To Mayor Kane. WWE Wrestler Glenn Jacobs Wins Election Bid

    Bigoted Agenda: Indian-American Body Wants Assam Citizens' List Dropped

    Bigoted Agenda: Indian-American Body Wants Assam Citizens' List Dropped
    The names of 40.07 lakh applicants in Assam did not find a place in the much-anticipated second and final draft of the National Register of Citizens

    Bigoted Agenda: Indian-American Body Wants Assam Citizens' List Dropped

    Indian Expat Wins 10 Million Dirhams In Abu Dhabi Raffle

    Indian Expat Wins 10 Million Dirhams In Abu Dhabi Raffle
    An Indian expat on Friday hit a jackpot by winning 10 million dirhams in a raffle draw at Abu Dhabi International Airport.

    Indian Expat Wins 10 Million Dirhams In Abu Dhabi Raffle

    Man Asks For Breath Test To Prove To Friends He'S Sober; Police Allege He Failed

    Man Asks For Breath Test To Prove To Friends He'S Sober; Police Allege He Failed
    Police say a man is facing an impaired driving charge after attempting to prove to his friends that he wasn't drunk.

    Man Asks For Breath Test To Prove To Friends He'S Sober; Police Allege He Failed

    Indian-Origin Professor Bharat Anand Becomes Senior Academic Administrator At Harvard

    Indian-Origin Professor Bharat Anand Becomes Senior Academic Administrator At Harvard
    Bharat Anand, who is the Henry R Byers Professor of Business Administration, will take over in October from Peter Bol as new vice provost for advances in learning (VPAL).

    Indian-Origin Professor Bharat Anand Becomes Senior Academic Administrator At Harvard

    Punjab Teen Stabbed To Death By Father For Trying To Rescue Mother From Beating

    Punjab Teen Stabbed To Death By Father For Trying To Rescue Mother From Beating
    Neighbours reached the spot and rushed Navjot to the hospital but he died on the way.

    Punjab Teen Stabbed To Death By Father For Trying To Rescue Mother From Beating