China on Saturday assured Pakistan of its full support to "tide over" the financial crisis, clearly signalling Beijing's readiness to give fresh loans to its all-weather ally which is in deep economic distress.
Prime Minister Imran Khan has urged Chinese businessmen to explore investment opportunities in diverse socio-economic sectors of Pakistan.
Critics say the Chinese loans tied to BRI infrastructure projects could make Pakistan's financial situation worse, while others argue they fill a critical funding gap.
"China can't replace the Pakistani government in taking care of its people", he said.
Meeting Chinese President Xi Jinping in Beijing's Great Hall of the People, Imran Khan said he'd come to China to learn. Now it is on the ground.
Micron's Chinese DRAM antagonist hit with U.S. export boycott
Commerce Department is restricting American firms from exporting parts to a Chinese DRAM producer that develops semiconductors . The move calls to mind the ban on exports slapped on ZTE after it broke sanctions on sales to Iran and then lied about it.
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.
Pakistan sees China as a great opportunity to progress, attract investment, he said. "Unfortunately we have inherited a very hard economic situation", Khan said.
Responding to the development, External Affairs Ministry spokesperson Ravesh Kumar said it has been India's consistent position that the so-called China-Pakistan "Boundary Agreement" of 1963 is illegal and Government of India does not recognise it. The Western model is very different from Pakistan and China's experiences, he said.
On the occasion, an official welcome ceremony was held in honor of the prime minister.
After the talks, the two leaders witnessed the signing of more than 10 documents on cooperation in areas including science research, justice, poverty reduction, health and customs.
For his part, Khan said with the continuous deepening of the all-weather strategic cooperative partnership, the relations between the two countries at all levels are becoming stronger. Malaysian Prime Minister Mahathir Mohamad halted a few Chinese projects after coming to power this year, while Myanmar's Planning and Finance Minister Soe Win told Nikkei in July that his government would demand that plans for a new port be "slimmed down".
Carabao Cup round-up: Frank Lampard’s Derby lose thriller at Chelsea
The Spain playmaker won the League Cup with Chelsea in 2015 when a mainstay of Jose Mourinho's first-choice line-up. Derby threatened in the second half and nearly scored a third equaliser when David Nugent hit the post late on.
Pakistan's foreign reserves have plunged 42 percent since the start of the year and now stand at about $8 billion, or less than two months of import cover.
International Monetary Fund has provided 12 rescue packages since the late 1980s, Reuters noted.
"There's been no change in the number of CPEC projects".
He also said there will be no changes in the Dollars 60 billion CPEC projects which came under criticism including by some of the Khan's Cabinet ministers over the increasing debt.
However the scope of the project would increase and will tilt in favor of people's livelihoods, Kong said, also without elaborating.
"China appreciates Pakistan's quest for peace through dialogue, cooperation and negotiation, on the basis of mutual respect and equality, and supports Pakistan's efforts for improvement of Pakistan-India relations and for settlement of outstanding disputes between the two countries", the joint statement said.
Tired migrant caravan rests in south Mexico, asks for buses
He said this is an issue Congress has failed to resolve, and the president is "absolutely right" to address it. THE FACTS: It's nowhere close to 25 million to 30 million, nor has the number increased much in recent years.