Saturday, 19 January, 2019

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

China Says More Talks Needed For Pakistan's Economic Bailout 'PM's China visit opens up new vistas of economic cooperation'
Melinda Barton | 07 November, 2018, 15:28

China on Wednesday once again declined to quantify the financial assistance it is willing to provide to Pakistan after the just concluded visit of Prime Minister Imran Khan to Beijing even as it termed his talks with top Chinese leaders "very successful".

According to the local media, the gaffe has become particularly ironic since Khan is in China to secure a package from Beijing to try and stall the impending economic crisis Pakistan is facing. Both the USA and Pakistani officials, however, say that she was arrested in Afghanistan.

China has invested tens of billions of dollars in Pakistan in recent years as part of its Belt and Road Initiative - which aims to link the economies of Asia, Africa and Europe via huge infrastructural projects.

The message has been conveyed to PM Khan through a letter of Ministry of Foreign Affairs.

"Pakistan is China's all weather partner". So the immediate balance of payments crisis of Pakistan has ended.

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.

In his comments on Tuesday, Umar said "we had told you about the United States dollars 12 billion financing gap, of which USD 6 billion have come from Saudi Arabia, and the rest has come from China".

Pakistan is also seeking a bailout from the International Monetary Fund (IMF).

In June, Foreign Office Spokesperson Dr Muhammad Faisal had said Pakistani consul general in the United States of America held a meeting with incarcerated Dr Aafia Siddiqui where she complained of the mistreatment by U.S. authorities.

In her letter to the prime minister, she said that Imran Khan had supported her in the past and appealed the premier for help to get her release from the jail. "'Mr Khan had supported me in the past also", she added.