'PM's China visit opens up new vistas of economic cooperation'

'PM's China visit opens up new vistas of economic cooperation'

"Beijing has offered this facility in response to Pakistan's request for duty-free status that the Association of Southeast Asian Nations as well as Bangladesh are entitled to", said Dawood while addressing a press conference on Wednesday - a day after Prime Minister Imran Khan concluded his maiden official visit to China.

A team of Pakistani officials was expected to arrive here on November 9 to finalise the details.

In this connection, a senior level delegation comprising of federal secretaries of finance, foreign affairs, planning and development and commerce along with the State Bank of Pakistan governor will undertake a visit to China during the current week to work out the modalities with the Chinese authorities in their respective areas.

"Pakistan is China's all weather partner".

"China has been providing utmost assistance to Pakistan as its capacity allows".

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In his comments on Tuesday, Umar said "we had told you about the Dollars 12 billion financing gap, of which $6 billion have come from Saudi Arabia, and the rest has come from China. I want to make that clear in unequivocal terms that we do not have any balance of payments crisis now". China while stating that it would extend necessary support to Pakistan, reportedly committed $6 billion funding.

Some of his ministers too sounded critical of it.

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.

The ministry announced that Prime Minister Imran Khan's visit to China is a success and the two sides made remarkable achievements. "President Xi Jinping, Premier Li Keqiang and other Chinese leaders held friendly exchanges with Prime Minister Imran Khan on separate occasions and established good relations with him". "We believe our ties withstood the test of times in domestic and global changes", she said.

Answering a question, the PM's adviser said his stance on the China-Pakistan Economic Corridor (CPEC) had been vindicated after both the countries agreed to move beyond infrastructure and power projects.

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