Pakistan, China to maintain close engagement on regional, global issues

Pakistan, China to maintain close engagement on regional, global issues

Pakistan, China to maintain close engagement on regional, global issues

Our relationship is multidimensional, said the premier, adding that Pakistan can also learn from how China dealt with its mega metropolis issues like sewerage systems, threats to the environment and pollution.

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.

China Thursday sought to defend the proposed bus service with Pakistan through PaK, saying its cooperation with Islamabad has nothing to do with the territorial dispute and will not change its principled stance on the Kashmir issue.

After talks between Khan and Li, officials of both the sides signed 16 agreement in the presence of the leaders.

Pakistan's Prime Minister Imran Khan begins a four-day visit to China on Friday to shore up support for a financial bailout that the South Asian nation desperately needs.

China is already a major investor in Pakistan, where the two countries are building the China-Pakistan Economic Corridor (CPEC), a multi-billion-dollar project at the heart of Chinese president Xi Jinping's Belt and Road Initiative, an ambitious, globe-spanning trade infrastructure program.

Moreover, Islamabad is also seeking its thirteenth bailout from the International Monetary Fund.

Li made the remarks in Beijing when holding talks with Pakistani Prime Minister Imran Khan, who is paying an official visit to China and will attend the first China International Import Expo in Shanghai.

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

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"The Chinese side will continue to provide support and help to the best of its ability for Pakistan's economic and social development and national construction", China's Foreign Ministry cited Wang as saying, without giving details.

Since taking office, Khan has softened his criticisms of the Chinese-backed projects and Finance Minister Asad Umar has said a review of contracts signed by the previous government has so far turned up no irregularities.

Pakistan is now battling serious economic crisis including balance of payments.

They also expressed confidence that the process of industrial development of Pakistan will accelerate with the launch of special economic zones and the industrial parks.

"You can't have a society with a small number of rich people and a sea of poor people", he said, adding that this inequality is stopping people from progressing. And so we, as I've said, have come to learn. "If there is going to be any, it will be increased going forward".

"CPEC will be introduced to more areas of Pakistan and will also tilt in favour of areas relating to people's lives".

The two sides slammed "the growing negative propaganda against CPEC" and "expressed determination to safeguard the CPEC projects from all threats".

He stressed that China and Pakistan, as all-weather strategic cooperative partners, have a high level of political mutual trust and close cooperation in various fields, firmly supporting each other on matters that concern their core interests. The CPEC Joint Cooperation Committee (JCC) will meet before the year-end "to explore new areas of cooperation".

China has been pressing Pakistan to crack down on Uygur militants of the East Turkistan Islamic Movement (ETIM) in Xinjiang region from crossing in and out of the province.

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