PM Imran to depart for Malaysia at end of November

Pauline Gross
November 9, 2018

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 a balance of payments.

Imran Khan had also invited the Malaysian Prime Minister to visit Pakistan.

FM Qureshi also said that Beijing and Islamabad are still negotiating details of the assistance package, adding that Foreign Secretary Tehmina Janjua was still in Beijing to finalise the details.

Reliable sources informed Pakistan Today that the decision was pending since the former Pakistan Muslim League-Nawaz (PML-N) regime completed its term but following an assurance from Beijing, the Finance Ministry released the amount on Tuesday.

On Social Media it drawn the attention of millions as PTV trolls it's own Prime Minister visiting China as BEGGER.

Speaking during a press conference on Tuesday, Finance Minister Asad Umar said that Pakistan had secured "commitment at the highest level" from the Chinese leadership "to increase our exports, and to do (the things) we should (to) have enough income so that we do not need to borrow", according to domestic media reports.

"The MoU which is of utmost importance is related to poverty alleviation".

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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.

"We can learn a lot of China in this regard and through modern technology, we can increase our productivity and out per-acre yield", he said.

The economic corridor will not only provide China with cheaper access to Africa and the Middle East but will also earn Pakistan billions of dollars for providing transit facilities to the world's second-largest economy.

He said the government approached China for help in the agriculture sector particularly in enhancing exports of agricultural products.

"We have always had good strategic relations with China but this time around, we were more focused on advancing the economic footprint", he added.

"It appears that both countries are engaged in negotiations on a financial assistance package, including the import of more Pakistani goods, which would obviate the need for the International Monetary Fund bailout, at least for the time being", he said.

While Khan's government was able announce the financial support, both analysts said Pakistan's military could continue to be the main actor in the nation's affairs with China.

Other reports by GizPress

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