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

    Indian-Origin Landlord Kamal Bains Jailed For Fire Deaths In UK

    Indian-Origin Landlord Kamal Bains Jailed For Fire Deaths In UK
    An Indian-origin landlord in the UK who failed to fit smoke alarms inside a house owned by him leading to the death of two boys in a fire, has been jailed for a year, in the first prosecution of its kind in the country since new smoke alarm regulations were introduced in 2015.

    Indian-Origin Landlord Kamal Bains Jailed For Fire Deaths In UK

    UK Students Boycott Renowned English Writer Rudyard Kipling Over Anti-India Views

    UK Students Boycott Renowned English Writer Rudyard Kipling Over Anti-India Views
    A poem by renowned English writer Rudyard Kipling has been scrubbed off the walls of the Manchester University by students as a boycott against his "racist" views that legitimised the British Empire in India.

    UK Students Boycott Renowned English Writer Rudyard Kipling Over Anti-India Views

    Indian-American Woman Sabrina Singh Is Key Player In Democrats' Offensive Against Trump

    Indian-American Woman Sabrina Singh Is Key Player In Democrats' Offensive Against Trump
    Sabrina Singh, whose grandfather was instrumental in formulating a historic legislation in 1946 that enacted a quota of 100 Indians to immigrate to the US per year

    Indian-American Woman Sabrina Singh Is Key Player In Democrats' Offensive Against Trump

    Obama Warns Against Rise Of ‘Strongman Politics’ In Veiled Attack On Trump

    Obama Warns Against Rise Of ‘Strongman Politics’ In Veiled Attack On Trump
    Former US President Barack Obama on Tuesday made a passionate defense of democracy and warned against the rise of “strongman politics” in a speech marking the 100th birth anniversary of anti-apartheid icon Nelson Mandela, in a veiled attack on his successor Donald Trump.

    Obama Warns Against Rise Of ‘Strongman Politics’ In Veiled Attack On Trump

    Sikh, Hindu Victims Of Afghan Attack Honoured In Washington

    Sikh, Hindu Victims Of Afghan Attack Honoured In Washington
    Condemning the terrorist attack on Sikhs and Hindus that killed 18, US Congresswoman Tulsi Gabbard has called for confronting "hatred with love, fear with understanding, and darkness with light".

    Sikh, Hindu Victims Of Afghan Attack Honoured In Washington

    Indian Student Sharat Koppu Death: Police Confirm Suspect Died In Shootout

    Indian Student Sharat Koppu Death: Police Confirm Suspect Died In Shootout
    Police in the US have confirmed that the man shot dead in a shootout in Kansas City was the suspect in the killing of Indian student Sharat Koppu, who was from Telangana.

    Indian Student Sharat Koppu Death: Police Confirm Suspect Died In Shootout