On Financial Support For Pakistan, China Says It Has Done Its .

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China, which has offered a$ 9 billion bailout package to Pakistan, on Monday pledged further support for the cash- strapped nation, saying that it has done its” utmost” to stabilise the fiscal situation of its each- rainfall supporter and will continue to do so.

Pakistan had been engaging with China and Saudi Arabia for fiscal support, including rolling over growing loans as part of arrangements for about$ 35 billion in putouts against debt and arrears during the current financial time.

Pakistan’s Finance Minister Ishaq Dar on Saturday last said that Islamabad would be getting about$ 9 billion from China and$ 4 billion from Saudi as the government tries to undergird the nation’s weak frugality.

Quoting Xi Jinping, Dar said the Chinese President in his meeting with Prime Minister Shehbaz Sharif during his recent visit to Beijing on November 3 had assured him,” don’t worry, we won’t let you down”.

Replying to a query on his responses to Dar’s assertions, Chinese Foreign Ministry spokesperson Zhao Lijian told a media briefing then,” China has done its utmost to help Pakistan stabilise its fiscal situation. We’ve been doing so, and we will continue to do so.”

Zhao declined to note on the current political extremity in Pakistan following the failed assassination attempt on former high minister Imran Khan, saying,” China has noted applicable reports. We express our sympathies to Imran Khan and wish him a speedy recovery.”

Khan, 70, suffered pellet injuries in the right leg when two markswomen fired a blitz of pellets at him and others mounting on a vessel- mounted truck in the Wazirabad area of Pakistan’s Punjab fiefdom where he was leading a long march against the Shehbaz- led government.The Pakistan Tehreek-e-Insaf party president passed surgery for pellet injuries at the Shaukat Khanum Hospital in Lahore and was discharged on Sunday.

Pakistan owes Paris Club countries a combined sum of around$10.7 billion. The Paris Club is a group of officers from major creditor nations whose part is to find coordinated and sustainable results to the payment difficulties endured by debtor countries.

According to the International Monetary Fund( IMF), Pakistan’s totalnon-Paris Club bilateral debt presently stands at about USD 27 billion, of which Chinese debt is about$ 23 billion.During Pakistan Prime Minister Shehbaz’s visit to Beijing, the Chinese leadership promised to roll over$ 4 billion in autonomous loans, refinance$3.3 billion marketable bank loans and increase currency barters by about$1.45 billion.

Sharif was among the first foreign leaders to visit China following the lately- concluded major 20th National Congress of the Communist Party of China in which President Xi won an unknown third five- time term in powerXi, 69, wasre-elected as the General Secretary of the ruling Communist Party of China( CPC) last month, getting the first leader after party author Mao Zedong to continue in power after a 10- time term.