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09 November 2018, 06:54 | Devin Moran
Pakistan by Mahmood Idrees | Published
While welcoming Imran Khan, he said, "Pakistan China relations have already been strengthening, and now gained momentum. I want to make that clear in unequivocal terms that we do not have any balance of payments crisis now".
The same was revealed as the Pakistan Prime Minister briefed the federal cabinet on his China visit. "We no longer face any deficit in the balance of payment".
Umar said that after these commitments by China, Pakistan's balance of payments issue was effectively resolved.
As Prime Minister Imran Khan landed in China on a state visit this week that has large financial assistance hopes on the agenda, the Pakistan Television Corporation (PTV) channel ticker displayed a Freudian slip: the Chinese capital was spelt as Begging instead of Beijing.
"Qureshi said the two sides also discussed to initiate the second phase of the China-Pakistan Economic Corridor (CPEC)".
"We decided that our strategic dialogue must be upgraded and its level be raised to the FM level", he said.
"Some people tried to portray the current government as a regime which is inattentive towards Pakistan's relationship with China".
The report said that China's directive to Pakistan to not disclose the amount was compelled by the concerns of "regional partners" of Beijing.
Ahead of his return from Beijing, the foreign minister took to Twitter for expressing his experience of a four-day-long official trip to China, stating that they had a productive visit.
He said details of the agreements signed between Pakistan and China would come to the fore in the next few days.
During Khan's visit to China, Pakistan media reported that Beijing had agreed to provide $6 billion in aid to the cash-strapped country which included a loan of $1.5 billion along with an additional package of $3 billion for the CPEC. "This perception has been proven wrong because our relationship with China has improved a lot", he said, adding that PM Khan's visit helped transform the relationship into an economic friendship. "We will continue to offer assistance and support within our capacity to Pakistan for its economic and social development in light of its needs and upon agreement by both sides", the spokesperson said.
There is a national consensus and we are moving forward with unity.
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