Imran Khan hoping for a bailout from China, Pakistan’s ‘all-weather’ friend

Rising Kashmir

China promised to support Pakistan's economy on Friday as Prime Minister Imran Khan told of his country's "very difficult" economic situation amid a burgeoning financial crisis. "We made it clear many times", he said.

He is also scheduled to meet Premier Li Keqiang, president of the Asian Infrastructure Investment Bank, Jin Liqun, and Minister for International Department of the Central Committee Communist Party of China Song Tao.

Other countries, including Malaysia, have also pulled back on Chinese-funded projects related to the Belt and Road initiative, and much concern has been raised over the case of Sri Lanka.

Xi appreciated Khan for repeatedly stressing that he would view the relations with China as a political cornerstone in Pakistan's foreign policy and would unswervingly promote the construction of the China-Pakistan Economic Corridor (CPEC).

China has repeatedly said that the Indian-Pakistani territorial dispute had to be settled through dialogue between the two sides.

He said his government and party wanted to learn from China in this area because white-collar crime was very hard to detect.

Hailing Pakistan ambassador for her stance, Geelani said all member countries including India is aware about the historical evidences and aspects of Kashmir issue, saying it was India that took the Kashmir issue to the United Nations and added that eighteen resolutions were passed in favour of right to self-determination of the people of Jammu and Kashmir and this august institution stands guarantee for this resolution, but unfortunately it has miserably failed to safeguard its own reputation and unless it shuns the stains of importance, inability, and helplessness, oppressed people like those of Jammu and Kashmir will continue to live in hell like atmosphere under the threatening shadow of gun from its oppressor. Yao Jing, China's ambassador to Pakistan, told reporters in Islamabad on October 27 that Pakistan is expected to receive good news from the visit. Unfortunately, our country is going through a low point at the moment with two very big deficits, a fiscal deficit and a current account deficit.

President Xi said relations between China and Pakistan had already been growing and now these had touched new heights.

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He said China was ready to work together with the new government under Prime Minister Imran Khan to build a community of shared destiny for mankind. "It has nothing to do with the territorial dispute and it will not affect China's principled position on the issue of Kashmir", Mr. Lu observed.

Earlier, President Xi warmly welcomed Prime Minister Khan and his delegation upon their arrival at the Great Hall of the People.

Xi said the two sides should deepen strategic communication, maintain regular visits and meetings between the two countries' leaders and enhance experience-sharing in the governance of a country.

The meeting was held in a spirit of mutual understanding, longstanding friendship, and close cooperation.

They also reaffirmed their steadfast commitment to strategic partnership and underscored taking it to new heights.

The two foreign ministers discussed building the bilateral relationship further along the lines of the 10-point agenda covering multifaceted practical cooperation.

"Khan has posited that Chinese and Saudi financial assistance will reduce the amount Pakistan needs to borrow from the International Monetary Fund, mitigating Pakistan's susceptibility to the U.S. demands that its CPEC debt be transparent".

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