Pakistani delegation in China to finalise modalities for economic cooperation

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During the visit, the two sides agreed to elevate Pakistan-China all-weather strategic cooperative partnership to new heights.

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.

The delegation will hold talks with Chinese officials to finalise a possible economic package, in a follow-up to Prime Minister Imran Khan's five-day visit to China last week.

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

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. "We enjoy very good relationship that has been operating at a very high level", she said.

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"We had told you about the $12 billion financing gap, of which $6 billion have come from Saudi Arabia, and the rest has come from China".

While expressing his desire for lasting peace in end of violence, Khan apprised envoy that Pakistan would continue to support resolution of United Nations for immediate restoration of peace in Yemen. The two sides agreed to firmly advance the China-Pakistan Economic Corridor (CPEC), set up the task force on social and livelihood projects to constantly enrich and expand the CPEC.

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. Ministry spokesperson Hua Chunying said.

A court in northwest Pakistan on Wednesday summoned Prime Minister Imran Khan to appear before it on December 13 in a case filed by the Pakistan Tehreek-e-Insaaf chief's rival candidate in the July 25 general elections over his alleged relation with a USA national, Sita White.

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