China again declines to reveal details of financial assistance to Pakistan

Cheryl Sanders
November 9, 2018

Mr Khan was on his maiden visit to China from November 2 to 5 at the invitation of the Chinese leadership. "I want to make that clear in unequivocal terms that we do not have any balance of payments crisis now".

On Social Media it drawn the attention of millions as PTV trolls it's own Prime Minister visiting China as BEGGER.

While expressing his desire for lasting peace in end of violence, Khan apprised envoy that Pakistan would continue to support resolution of United Nations for immediate restoration of peace in Yemen.

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

"We decided that our strategic dialogue must be upgraded and its level be raised to the foreign ministers level", he said.

Lijin Zhao, China's deputy chief of mission to Pakistan, appeared to confirm the finance minister's words with a tweet on Wednesday, following the departure of Imran Khan, Pakistan's recently elected cricket star prime minister.

"The foreign secretary is in Beijing and Pakistani and Chinese officials would hold another meeting on Nov 9 to discuss the details of the package", he said.

Addressing a joint press conference with Foreign Minister Shah Mehmood Qureshi, he said, "Pakistan had a $12 billion deficit in the balance of payment and Saudi Arabia pledged $6 billion while some assistance came from China".

During 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.

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

He said that the government's confidence after the China trip could be gauged by the fact that the federal government had released Rs1.043 billion for the China-Pakistan Economic Corridor (CPEC) projects under its Public Sector Development Programme (PSDP) 2018-19.

During his official visit to China, the world's second largest economy, Mr Khan also met President Xi Jinping.

Malik agreed: "The Pakistan military is the ultimate arbiter and the major stakeholder in the CPEC projects and it won't let the civilian government to do anything to undermine its close strategic alliance relationship with China", he said.

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