China says it is willing to help Pakistan over fiscal crisis

China says it is willing to help Pakistan over fiscal crisis

China says it is willing to help Pakistan over fiscal crisis

"Unfortunately we have inherited a very hard economic situation", Khan said.

"Countries go in cycles".

"We're expecting substantial relief", Noor Ahmed, a spokesman for the Finance Ministry, said by phone from Islamabad.

Li praised the relationship, saying "China and Pakistan are all-weather partners". China alone is expected to invest $1 trillion in this transnational, transcontinental undertaking.

Pakistan seeks to amend the CPEC to focus on socio-economic progress besides infrastructure development.

He also said there will be no changes in the United States dollars 60 billion CPEC projects which came under criticism including by some of the Khan's Cabinet ministers over the increasing debt.

Heads of major Chinese business groups called on Prime Minister Imran Khan in Beijing on Saturday.

The issue did not come up in opening remarks between Li and Khan.

The statement added that building a closer China-Pakistan community in the new era was the pillar of the continued relationship between the "iron brothers".

On the Kashmir issue, China's oft repeated stand was that it should be resolved peacefully through dialogue. Highlighting the vast market potential and geostrategic advantage of Pakistan, the prime minister encouraged the business leaders to explore investment opportunities in the diverse socioeconomic sectors.

Pakistan too has applied for the NSG membership.

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The delegation met with other Saudi officials, but bin Salman - who is second only behind the king - was the most prominent. Khashoggi went to the consulate to retrieve paperwork for his pending marriage and never emerged from the building.

Khan thanked the Chinese president, government and the people of China for their warm sentiments. Agreements with Chinese power companies to supply much-needed electricity to energy-starved Pakistan have also been loudly criticized over the revolving debt costs to Pakistan. "Pakistan has always been regarded as a foreign policy priority by China".

The prime minister extended an invitation to President Xi Jinping to visit Pakistan, which was accepted.

He said his government was keen to learn from China's experience in poverty alleviation and anti-corruption.

Imran Khan said he had followed President Xi as a statesman during his political carrier spanning over 22 years.

Critics say the Chinese loans tied to BRI infrastructure projects could make Pakistan's financial situation worse, while others argue they fill a critical funding gap.

"We will also bring people out of poverty in Pakistan". He said no other nation in human history had been able to achieve this success.

It was also agreed that China will support Pakistan in establishing special economic zones, according to sources.

PM Imran said corruption and money laundering were the biggest problems facing Pakistan.

"It is not targeted against any third party", he said. Now we seeks Chinese help to cope with the white-collar crimes. Pakistan as a solvent country would repay its debts, he said.

"China appreciates Pakistan's quest for peace through dialogue, cooperation, and negotiation, on the basis of mutual respect and equality, and supports Pakistan's efforts for improvement of Pakistan-India relations and for settlement of outstanding disputes between the two countries", the statement added. 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.

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