Published: Fri, November 09, 2018

'PM's China visit opens up new vistas of economic cooperation'

'PM's China visit opens up new vistas of economic cooperation'

Finance Minister Asad Umar earlier this week confirmed that talks were held with China for a relief package during the prime minister's visit, and that the two sides agreed on continuing discussions in this regard.

China has reportedly barred Pakistan from disclosing the amount of financial aid given during Prime Minister Imran Khan's maiden official visit to the country.

"We have been offering our assistance to Pakistan within the best of our capacity".

"We had told you about the $12 billion financing gap, of which $6 billion have come from Saudi Arabia, and the rest has come from China".

BEIJING: Chinese Foreign Ministry on Wednesday said that China will continue to provide assistance and support to Pakistan's economic and social development in accordance with the needs of the Pakistani side and through mutual agreement.

The adviser said that during the last fiscal year, Pakistan's exports to China were worth $1.2 billion which would be doubled after this facility.


Hua said that China was satisfied with Khan's visit during which the two countries agreed to deepen their ties and to complete the China Pakistan Economic Corridor (CPEC) with a stronger commitment.

Pakistan has recently 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.

A court in northwest Pakistan on Wednesday summoned Prime Minister Imran Khan to appear before it on December 13 in a case filed by the Pakistan Tehreek-e-Insaaf chief's rival candidate in the July 25 general elections over his alleged relation with a United States national, Sita White.

"Imran Khan is the father of the child", superior court commissioner Anthony Jones said in a brief hearing in the United States court, according to the petitioner. "We believe our ties withstood the test of times in domestic and global changes", she said.

The report said that China's directive to Pakistan to not disclose the amount was compelled by the concerns of "regional partners" of Beijing.

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