مضمون کا ماخذ : خلائی جنگیں
China guarantees financial backing to Pakistan: report
Beijing has guaranteed financial backing to Islamabad, senior officials said, as the incoming government of Imran Khan looks to avoid going to the International Monetary Fund (IMF) to solve its foreign exchange crisis. Senior members of Pakistan Tehreek-e-Insaf (PTI) told Financial Times they have been assured by Beijing that they will get further loans over […]
Beijing has guaranteed financial backing to Islamabad, senior officials said, as the incoming government of Imran Khan looks to avoid going to the International Monetary Fund (IMF) to solve its foreign exchange crisis.
Senior members of Pakistan Tehreek-e-Insaf (PTI) told Financial Times they have been assured by Beijing that they will get further loans over the coming months as one way to keep their currency stocks topped up. Chinese state-backed banks have lent Pakistan more than $5bn in the past financial year as Islamabad has become increasingly reliant on its northern neighbour to secure its finances.
“China has promised to continue helping Pakistan overcome the crunch on foreign payments,” one prospective cabinet minister told FT. “The Chinese have signalled their intent to keep helping Pakistan avoid default,” another senior party leader said. But he added that Chinese officials have urged their Pakistani counterparts ‘to take steps to reduce the deficit’.
Published in Daily Times, August 14th 2018.
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