• Tuesday, May 28, 2024

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More Talks Needed To Provide Economic Aid To Pakistan: China

Pakistani prime minister Imran Khan (centre L) and China’s premier Li Keqiang attend a signing ceremony at the Great Hall of the People in Beijing, China, November 3, 2018 ( Photo: REUTERS/Jason Lee/Pool).

By: Radhakrishna N S

China will provide Pakistan with economic aid but more talks are needed on the details, a senior Chinese diplomat said, after new Pakistani prime minister Imran Khan met Chinese Premier Li Keqiang on Saturday (3). Pakistan’s foreign reserves have plunged 42 per cent since the start of the year and now stand at about $8 billion, or less than two months of import cover. Last month, Pakistan received a $6 billion rescue package from Saudi Arabia, but officials say it is not enough and the country still plans to seek a bailout from the International Monetary Fund (IMF) to avert…

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