China to provide financial assistance package to Pakistan: FM Asad Umar

Lifestyle       by Bushra Nayeem | Published

The faux pas is seen particularly ironic since the Pakistani premier is on a mission to secure a package from China to overcome a major economic crisis his country is confronted with. He said Pakistan had agreed to further support two of China's key initiatives in the country - a China-Pakistan Economic Corridor (CPEC) involving billions of dollars in infrastructure investment, and the upgrading of a free trade agreement between the two sides.

Addressing a joint press conference with Foreign Minister Shah Mehmood Qureshi, he said, "Pakistan had a $12 billion deficit in the balance of payment and Saudi Arabia pledged $6 billion while some assistance came from China".

"A senior-level delegation comprising of federal secretaries of finance, foreign affairs, planning & development and commerce along with the State Bank of Pakistan's governor will undertake a visit to China during the current week to work out the modalities (for assistance)", it said. "We enjoy very good relationship that has been operating at a very high level", she said. "The relationship has not only benefited the two countries but also the region".

"We can learn a lot of China in this regard and through modern technology, we can increase our productivity and out per-acre yield", he said. He added that China had "agreed to help Pakistan", and that a package was under discussion. "If Pakistan is forced to reveal the harsh terms and conditions of Chinese infrastructure projects under an International Monetary Fund bailout, that would be severely damaging to China's strategic and economic interests worldwide", he said.

US to deny asylum to illegal border crossers
Trump had telegraphed the move last week, saying he was fed up with migrants exploiting US laws by making bogus claims. In 2018, border patrols have registered more than 400,000 illegal border crossers, homeland security said.

Former Cowboy Dez Bryant signing deal with Saints
The Saints also worked out veteran receivers Brandon Marshall and Kamar Aiken on Tuesday before making the deal with Bryant. Bryant retweeted a person congratulating him on landing with the Saints, who lost receiver Ted Ginn Jr . for the year.

Emma Bunton says she once puked in Mel B’s mouth
However the band will be performing as a four-piece after Victoria Beckham opted not to join the reunion, but did wish her bandmates well.

Before his visit to China, Umar had said that at present Pakistan faced a total of $27 billion deficit which included $9 billion debt repayment this year.

He said the government is committed to improve rural economy by properly focusing on the agriculture sector while Pakistan will also accelerate its industrial cooperation with China. "In the future, in the light of Pakistan's need and as per our mutual agreement, we will continue to offer help economically and for betterment of people's livelihoods", she said.

The information minister said a deadlock between the government and the opposition on the issue of appointment of chairman of the Public Accounts Committee persisted, adding that the government could not accept Leader of the Opposition in the National Assembly Shahbaz Sharif as PAC chairman.

Related News:



Most liked

Russia's Roscosmos Confirms Computer Glitch On Board ISS
The country announced in May that the lab would be open to "all countries" to conduct science experiments. Alternatively the money could be used to speed up planned human space initiatives to the moon and Mars.

No gunshots fired at North Carolina high school
Pender County Schools said in a statement, "There has been a reported active shooter situation at Topsail high School". But WECT News reported that there may have been some students on campus when the incident was reported around 7 a.m.

Melbourne attacker swings knife at police, 'trolley man' helps officers
This image made from video shows police on street corner after a shooting in Melbourne , Australia , Friday, Nov. 9, 2018. Mr Hair said the assailant was dressed in Islamic clothing and of African appearance and about six foot four inches tall.

This would be an interesting time for Le'Veon Bell's Steelers return
He rushed for 1,291 yards with nine touchdowns over 15 games in 2017 with the Steelers , his fifth year in Pittsburgh. I'm not going to apologize for what I believe is right for myself, family and the rest of my peers, period.

Justice Ginsburg is hospitalized with broken ribs after fall
Ginsburg was admitted to George Washington University Hospital on Thursday morning, according to a Supreme Court press release . Ginsburg broke two ribs in 2012 after suffering a fall, an incident she did not disclose to the public until months later.

Android Apps Will Soon Update While You Use Them
Dark mode draws 43% lesser power at full brightness compared to "normal mode" in the YouTube app, according to Business Insider. Keep in mind that the original Pixel features an OLED display, while the iPhone 7 features an LCD panel.

Tesla names Robyn Denholm as its new chairwoman, replacing Elon Musk
The mid-priced Tesla Model 3 was the fifth bestselling passenger auto in America, according to the industry analyst Edmunds. The task is not entirely new for Denholm; she's served on the Tesla Board as an independent director since 2014.

California wildfire roars to life, forces thousands to flee
Her 25-year-old son has cerebral palsy, needs a wheelchair to get around and is fed through a tube. "We're anxious sick. She captured photos of low-hanging black smoke stretching for miles as she and her boyfriend evacuated Paradise.

Women win congressional races across US in record numbers
Democrat Lauren Underwood will represent Illinois' 14th congressional district, a seat that's historically gone to Republicans . She became a progressive star after her upset primary victory over Republican Joseph Crowley, a high-ranking House Democrat.

One dead, two injured, in Melbourne stabbing incident
Melbourne was also the scene of two fatal car-ramming incidents a year ago , but neither was linked by police to terrorism. A Melbourne-based reporter tweeted that nearby buildings were placed on lockdown by the police following the incident.

Pierre-Emerick Aubameyang On Bench - Arsenal Team vs Sporting Lisbon Confirmed
Arsenal drew 0-0 against Sporting Lisbon in a scrappy match that will only be remembered for a serious injury to Danny Welbeck . Every Portuguese team is very competitive and today their commitment in the defensive moments was big.

Protesters In Bay Area, Nationwide Seek To Protect Russia Investigation
Whitaker is also expected to assume oversight responsibilities over special counsel Robert Mueller's investigation . Both Whitaker and Clovis are rooted in Iowa politics, and both ran for the 2014 Republican Senate nomination.

Reporters condemn White House decision to bar CNN's Acosta
When Trump moved on to NBC's Peter Alexander, the reporter defended Acosta , calling the president's description of him "unfair". They do not match up exactly because of differences in video format, but appear to be consistent through the first 12 frames.

Several Injured In Shooting At Bar In Southern California, Says Police
The witness said the suspect had a handgun and then he also saw the smoke bombs and the guard being shot. Initial reports indicated that a man had opened fire with a semi-automatic gun at about 11.20pm.

Man admits to killing his pregnant wife and two daughters
But he said he strangled her in "a rage" when he discovered she had strangled their two daughters after he sought a separation. He could be heard sniffing and trembled each time he said "guilty" in response to each charge read against him by the judge.