China Expected To Give $6 Billion Aid To Pakistan Amid Crisis

Bus service with Pakistan will not change our stand on Kashmir China

Rising Kashmir

The Prime Minister said China Pakistan Economic Corridor (CPEC) had given a great opportunity to Pakistan to bring in foreign investment and to get out of the hard economic situation it was facing.

In his meeting with Xi, Khan, the cricketer-turned-politician, said: "my party (Pakistan Tehreek-e-Insaaf) has only been in power for two months".

"Countries go in cycles".

The PM's four-day visit is aimed at reviewing the entire range of bilateral relations and to participate in the First China International Import Expo in Shanghai. He said his government had been working on two paths, including an International Monetary Fund (IMF) programme and support from friendly countries. He said that we are neither surprised nor did we expect anything substantial to be delivered there, because of the mindset India prefers to be in denial mode since the tragedy of Kashmir was born in 1947.

Cricketer-turned-politician Imran Khan arrived in what is termed as the most significant visit to China by a Pakistani Prime Minister in recent years. "Unfortunately our country is going through a low point at the moment", he said.

"China has always supported Pakistan's safeguarding of national independence, sovereignty and territorial integrity, and the new Pakistani government's smooth running of the government and advancement of national construction", he said.

While neither of the leaders made any specific references to economic aid during their talks, Khan is keen to negotiate a bailout from Beijing to tackle Pakistan's fiscal crisis.

The Pakistani side is willing to reinforce communication and coordination in multilateral affairs with China, Khan added.

During his visit to Saudi Arabia last month, Riyadh committed Dollars 6 billion funding which included USD 3 billion deferred payment for oil imports.

It would be Pakistan's 13th rescue package from the multilateral lender since the late 1980s. Both sides are also expected to sign several agreements and MoUs of cooperation in diverse fields.

Bus service between the Xinjiang Uyghur Autonomous Region in China's west and the city of Lahore of Pakistan's Punjab province is set to be launched on November 3.

China on Thursday sought to defend the proposed bus service with Pakistan through Pakistan-occupied Kashmir or PoK, saying its cooperation with Islamabad has nothing to do with the territorial dispute and will not change its principled stance on the Kashmir issue.

Foreign Minister Shah Mahmood Qureshi, Finance Minister Asad Umar, Railways Minister Sheikh Rashid Ahmed, Minister for Planning Makhdoom Khusro Bukhtiar, Adviser to Prime Minister on Commerce Abdul Razzak Dawood, Balochistan Chief Minister Jam Kamal Khan and Pakistan Ambassador to China Masood Khalid were also present during the meeting.

Pakistan and China on Friday reaffirmed their complete common understanding on early realisation of CPEC projects besides agreeing to continue strategic communication on regional and global issues of importance.

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