Finance Minister Asad Umar on Tuesday, while addressing a joint press conference with Foreign Minister Shah Mehmood Qureshi, said that Saudi Arabia and China filled a gap of $12 billion in its payments, and now Pakistan has overcome the balance-of-payments crisis. The finance minister further said that a high-level delegation, including the State Bank governor, will be visiting China on November 9.
Briefing the media about PM Imran Khan’s visit to Beijing he said “China has agreed in principle to extend an economic relief package to Pakistan.” “A decision has been made in principle and the November 9 meeting is to ascertain its features,” he said, while speaking of a financial assistance deal with Beijing. He said China has always helped Pakistan in difficult times and most recently it extended help in the month of July.
Meanwhile, Qureshi said “Some other things are also achieved during [foreign] visits.” “Nearly 15 MoUs were signed during the visit, which helped promote economic cooperation with China,” Qureshi said, adding that they had decided to “upgrade” strategic relations with Beijing.
PM Imran Khan paid his first official visit to china from November 1 to 5 at the invitation of Chinese President Xi Jinping, where he signed several agreements
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23 August, 2019