Our country is going through a low point, PM Khan tells China

Bus service with Pakistan will not change our stand on Kashmir China

Bus service with Pakistan will not change our stand on Kashmir China

Chinese President Xi Jinping (R) meets with Pakistani Prime Minister Imran Khan at the Great Hall of the People in Beijing, capital of China, Nov. 2, 2018.

Xi said the bilateral ties always stay vigorous and continue developing regardless of the changes in global situations or the two countries' domestic affairs.

Pakistan is expected to receive Dollars 6 billion economic package from China during the visit, Geo TV quoted sources as saying.

Though China is Pakistan's closest ally, Imran's newly elected government has sought to re-think the two countries' signature project, the $60 billion China-Pakistan Economic Corridor (CPEC), which Beijing touts as the flagship infrastructure program in its vast Belt and Road Initiative.

China has pledged more than US$60 billion to Pakistan in the form of loans and investments for roads, ports, power plants and industrial estates under the scheme, but the South Asian nation's ability to meet the repayments has always been a matter of some concern.

Neither mentioned any economic aid in comments made in front of reporters.

China's expected assistance is the second $6 billion package which Khan has managed to obtain in the last few weeks as Pakistan reeled under severe financial crisis. He secured $3 billion funding from his recent visit to Saudi Arabia besides differed payment for oil imports worth about $3 billion for a year.

Both sides discussed bilateral ties and matters of mutual regional and worldwide interests, and reviewing all aspects of the Pak-China strategic partnership.

$1.5 billion are expected to be deposited in the State Bank of Pakistan, while Pakistan Railways may also be included in the package. He said that we are neither surprised nor did we expect anything substantial to be delivered there, because of the mindset India prefers to be in denial mode since the tragedy of Kashmir was born in 1947.

China and Pakistan refer to themselves as "all-weather friends", united in their rivalry against mutual neighbour India and entwined in a web of military, political and economic links.

After visiting Beijing, Khan is set to be a key note speaker at a major import fair in Shanghai, an event being touted by China as an opportunity to show the world the country welcomes foreign companies and their products.

Pakistan is already highly dependent on China as the bulk of the foreign loans inherited by Mr Khan's government are with Chinese lenders.

China also agreed to address his concern that the CPEC projects were mainly benefitting the dominant Punjab region and the new projects will focus on the western region of Balochistan and Khyber-Pakhtunkhwa. Imran is scheduled to hold talks with Chinese President Xi Jinping and Premier Li Keqiang and both the countries are expected to sign several agreements.

From Beijing's point of view, Pakistan's criticism of the project was a shocker, especially after China's takeover of Sri Lanka's Hambantota port on a 99-year lease as a debt swap.

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