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

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

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

Federal Minister for Information and Broadcasting Fawad Chaudhry on Friday said that Pakistan likely to receive a huge financial package from China. The project is meant to modernise Pakistani infrastructure and bolster the country economy by building various transportation networks, energy projects and special economic zones.

Xi said China always views relations with Pakistan as a priority of diplomacy and supports Pakistan in safeguarding national independence, sovereignty and territorial integrity. Pakistan has been among the most enthusiastic supporters of the trillion-dollar Belt and Road initiative, which seeks to re-establish China's former role as the Asian centre of global trade by binding it to Europe, African, Southeast Asia and elsewhere through Chinese-financed projects.

"In 2017, Prime Minister Narendra Modi had said that it is only by respecting the autonomy of countries involved, there can be regional connectivity and avoid differences and disorientation". Both sides are also expected to sign several agreements and MoUs of cooperation in diverse fields. "And so we, as I've said, have come to learn", Khan said.

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. Pakistan is presently seeking an emergency bailout loan of $8 billion from the International Monetary Fund (IMF).

Chinese President Xi Jinping met with Pakistani Prime Minister Imran Khan in Beijing Friday.

India opposes the project because the creation of the corridor envisages Chinese and Pakistani economic activity in the Gilgit-Baltistan area of the disputed Jammu and Kashmir region.

In a meeting with Chinese IDCPC Minister Song Tao in Beijing, he said such exchanges would ensure that the exceptional friendship between Pakistan and China endured from generation to generation. Khan will meet with Chinese Premier Li Keqiang on Saturday and will attend a massive import expo hosted by Xi in Shanghai next week.

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.

The Prime Minister, who left on a four-day official visit to China said that low crime was easy to check but tackling white collar crime needed speciality and expertise which Pakistan was struggling.

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.

The India-occupied Jammu & Kashmir remains the most militarized zone in the world, where the occupation forces are killing and maiming people on a daily basis.

Related news