China promises support to Pakistan’s economy


Xi said that Beijing was "willing to work with the prime minister to strengthen the China-Pakistan all-weather strategic partnership and build a new era" in the two countries' ties.

Mr Khan, who arrived in the early hours on Friday on a four-day visit, met Xi in the Great Hall of People where the two leaders also held one-on-one meeting besides delegation-level talks, Pakistan media reports said.

India has also been protesting the China-Pakistan Economic Corridor (CPEC) project, which is a slew of infrastructure projects that are now underway through Pakistan.

The last time was in 2013, when Islamabad got a US$6.6 billion loan to tackle a similar crisis.

Neither side mentioned economic aid in their comments in front of the press, Reuters reported.

China's expected assistance is the second United States dollars 6 billion package which Khan has managed to obtain in the last few weeks as Pakistan reeled under severe financial crisis.

Pakistan has appealed to the International Monetary Fund for an emergency bailout of US$8 billion and last month also secured a US$6 billion support package from Saudi Arabia.

The prime minister emphasised that President Xi's vision of connectivity - Belt and Road, and its flagship project CPEC, would translate into a win-win for shared prosperity in the region and beyond.

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Shackled at the wrists and ankles in a tan jail jumpsuit, Sayoc became weepy at one point, but said little at the hearing. The official wasn't authorized to discuss the ongoing investigation and spoke on condition of anonymity to the AP.

It is also seeking fresh loans from Saudi Arabia and China, discussion of which is expected to dominate Khan's visit.

Agreements pertaining to poverty alleviation in Pakistan, strengthening cooperation in agriculture and industrial sectors and technical training were signed by the two sides.

"It is an economic cooperation project between China and Pakistan and not targeted at any third party. But I would like to say that the CPEC has nothing to do with the territorial dispute and will not influence China's stance on Kashmir", Lu told reporters at a press briefing.

Khan is accompanied by foreign minister Shah Mehmood Qureshi, finance minister Umar, Advisor on Commerce and Trade Abdul Razzak Dawood, railways minister Sheikh Rasheed among others.

"Any such bus service through Pakistan Occupied Jammu & Kashmir State will be a violation of India's sovereignty and territorial integrity".

His visit here was regarded as significant as it is taking place amid critical remarks made by some ministers in Khan's Cabinet on the CPEC which had caused consternation among Chinese leaders considering the "all-weather" relations. Yao Jing, China's ambassador to Pakistan, told reporters in Islamabad on October 27 that Pakistan is expected to receive good news from the visit.

"Khan's trip is important for reasons beyond the immediate financing needs", Uzair Younus, a South Asia director at Washington-based consultancy Albright Stonebridge Group LLC, said by email.

India on Wednesday, October, was once again at loggerheads with China and Pakistan over a service, which is scheduled to be launched this week between Lahore and Kashghar, a city that runs through Pakistan-occupied-Kashmir (PoK).