China again declines to reveal details of financial assistance to Pakistan

Elias Hubbard
November 9, 2018

During the live broadcast of Prime Minister Imran Khan's speech at the Central Party School of the ruling Communist Party of China, the channel put up the dateline as "Begging" instead of "Beijing".

On Saturday, China said it had agreed to "firmly move forward" with infrastructure projects in Pakistan following meetings between Mr Khan and Chinese Premier Li Keqiang.

The two sides believe that China-Pakistan relations have experienced the test of time and environmental changes at home and overseas and are constantly moving forward.

To a question, the spokesperson further said at the weekly news briefing, "China and Pakistan are all-weather strategic partners, and the relationship between the two countries has been running at a high level".

Notably, Pakistan had in October received $6 billion rescue package from Saudi Arabia.

"In the light of Pakistan's need in future as per the mutual agreement, we will continue to help economically and in other sectors", Hua added.

"At this stage I do not have the list of items that would be eligible for duty-free exports", he said, adding that a Pakistani delegation would soon hold talks with Chinese authorities in Beijing on November 9 for finalising details of market access and the balance of payments support programme.

Pakistan's foreign reserves have plunged 42 percent since the start of the year and now stand at about $8 billion, or less than two months of import cover.

Some of his ministers too sounded critical of it.

The two sides agreed to establish the foreign ministers' strategic dialogue mechanism through which we can plan for and coordinate bilateral relations and across-the-board cooperation, the spokesperson said and added the visit promoted practical cooperation and friendly exchanges.

Local media believes the gaffe is rather ironic since Khan is in Beijing to secure monetary aid from China to stall the impending economic crisis in Pakistan. "We believe our ties withstood the test of times in domestic and worldwide changes", she said.

A high-level delegation from Pakistan left for China on Thursday to finalise a potential relief package to inject in the country, sources familiar with the matter said.

Other reports by Click Lancashire

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