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China declines to reveal details of financial aid planned for Pakistan

Matrubhumi 2018-11-08 07:34:00

China has once again declined to quantify the financial assistance it is willing to provide to Pakistan.

Pakistan Prime Minister Imran Khan visited China from November 2 to 5 during which he held talks with President Xi Jinping and Premier Li Keqiang for China's help to tide over the serious economic crisis faced by cash-strapped Pakistan which included balance of payments.

China termed his talks with top Chinese leaders "very successful".

During Mr Khan's visit to Saudi Arabia last month, the Gulf Kingdom agreed to provide Pakistan $3 billion in balance of payment support and additionally give oil worth $3 billion on deferred payment.

Earlier reports from Pakistan said Beijing has committed a similar amount during Mr Khan's visit but Chinese officials declined to confirm it.

Pakistan's Finance Minister Asad Umar who accompanied Mr Khan said on Tuesday that China had promised at the highest level to help through an assistance package to tide over the crisis but did not reveal the amount.

A team of Pakistani officials is expected to reach Beijing on November 9 to finalise the details.

Foreign Ministry spokesperson Hua Chunying said Beijing would provide assistant to the best of its capacity. "Pakistan is China's all weather partner. We enjoy very good relationship that has been operating at a very high level," she said.PTI