Imran Khan hoping for a bailout from China, Pakistan’s ‘all-weather’ friend

Rising Kashmir

Meeting Chinese President Xi Jinping in Beijing's Great Hall of the People, Khan said he'd come to China to learn. 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.

The creation of the China-Pakistan Economic Corridor (CPEC) has no relevance to the Indian-Pakistani territorial dispute and will not influence China's stance on Kashmir, the Chinese Foreign Ministry spokesman, Lu Kang, said on Thursday.

He had said, "So-called China-Pakistan "Boundary Agreement" of 1963 is illegal and invalid, and has never been recognised by the Government of India".

"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.

He is also scheduled to meet Premier Li Keqiang, president of the Asian Infrastructure Investment Bank, Jin Liqun, and Minister for International Department of the Central Committee Communist Party of China Song Tao.

China maintains that the Kashmir issue should be resolved bilaterally between India and Pakistan through dialogue and consultation.

Khan is also keen to renegotiate Islamabad's projects under the "Belt and Road Initiative", Beijing's global trade and infrastructure development programme.

Other countries, including Malaysia, have also pulled back on Chinese-funded projects related to the Belt and Road initiative, and much concern has been raised over the case of Sri Lanka.




He noted the assistance agreed to by Saudi Arabia, and said that China's support would allow Pakistan to avoid a large International Monetary Fund loan that may attract tough conditionalities which ultimately lead to inflation, squeeze the economy and put additional burden on the people.

He said his government and party wanted to learn from China in this area because white-collar crime was very hard to detect. "These relations have not only benefited the two all-weather strategic partners but the region and world".

Foreign Minister Shah Mahmood Qureshi, Finance Minister Asad Umar, Railways Minister Sheikh Rashid Ahmed, Minister for Planning Makhdoom Khusro Bukhtiar, Adviser to Prime Minister on Commerce Abdul Razzak Dawood, Balochistan Chief Minister Jam Kamal Khan and Pakistan Ambassador to China Masood Khalid were also present during the meeting.

The agreements were signed during delegation-level talks between the two countries at the Great Hall of the People in Beijing.

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).

They also reaffirmed their steadfast commitment to strategic partnership and underscored taking it to new heights.

"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.

The two foreign ministers discussed building the bilateral relationship further along the lines of the 10-point agenda covering multifaceted practical cooperation.

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