Pakistan at economic low-point, says Khan

  • ASEAN+
  • Saturday, 03 Nov 2018

Beijing: Pakistan’s financial woes have dragged the country down to a “low point”, its prime minister told Chinese President Xi Jinping, as he seeks funds from Beijing to stave off a fiscal crisis.

Before travelling to China – one of Pakistan’s firmest allies – Imran Khan said that he was striving to obtain financial aid from two unnamed countries after Pakistan secured US$6bil (RM25bil) in funding from Saudi Arabia.

His government also entered talks with the International Mone­tary Fund over a potential bailout as it grapples a balance of payment crisis and current account deficit.

Greeted by Xi at the Great Hall of the People in Beijing, Khan said he had come to “learn” from China’s experiences in combating poverty and corruption.

Unfortunately we have inherited a very difficult economic situation,” Khan said.

“Countries go in cycles. They have their high points, they have their low points.

“Unfortunately our country is going through a low point at the moment,” he said.

Xi said he attached “great importance to China-Pakistan relations” and was “willing to work together with the prime minister to strengthen China-Pakistan’s all-weather strategic partnership and build a new era of China-Pakistan destiny.”

But neither leader announced any deals. Khan will meet with Chinese Premier Li Keqiang on Saturday and will attend a massive import expo hosted by Xi in Shanghai next week. — AFP

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