Our country is going through a low point, PM Khan tells China


"Pakistan-China friendship is deeply rooted in the mind of Pakistani people", Khan said, noting that Pakistan is devoted to furthering the relations with China and the construction of CPEC, so as to benefit the economic and social development of Pakistan.

"Unfortunately our country is going through a low point at the moment with two very big deficits, a fiscal deficit and a current account deficit", he said.

Xi told Khan that he highly valued the two country's relations, reaffirming they were "all-weather" friends.

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".

Before travelling to China, PM Khan said that he was striving to obtain financial aid from two unnamed countries after Pakistan secured $6 billion in funding from Saudi Arabia.

Earlier during his visit to Saudi Arabia, Riyadh committed Dollars 6 billion funding which included USD 3 billion deferred payment for oil imports.

It would be Pakistan's 13th rescue package from the multilateral lender since the late 1980s.

He said Pakistan faced a deficit of $27 billion which included $9 billion debt repayment this year.

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USA secretary of state Mike Pompeo has expressed opposition to using International Monetary Fund money to repay Chinese loans.

Prior to his visit to China, Khan has already traveled to five other countries, an unprecedented move for a Pakistani leader.

Finance Minister Asad Umar said this week a bailout was the only option and the government was seeking funds from various sources, including China, to avoid dependence on one country or institution.

Khan will meet Chinese Premier Li Keqiang on Saturday, when the two countries are expected to sign a series of agreements.

Foreign Minister Shah Mehmood Qureshi, who is accompanying PM Imran also met his Chinese counterpart Wang Yi.

Hailing Pakistan ambassador for her stance, Geelani said all member countries including India is aware about the historical evidences and aspects of Kashmir issue, saying it was India that took the Kashmir issue to the United Nations and added that eighteen resolutions were passed in favour of right to self-determination of the people of Jammu and Kashmir and this august institution stands guarantee for this resolution, but unfortunately it has miserably failed to safeguard its own reputation and unless it shuns the stains of importance, inability, and helplessness, oppressed people like those of Jammu and Kashmir will continue to live in hell like atmosphere under the threatening shadow of gun from its oppressor. The trip "is significant for President Xi Jinping, whose flagship BRI has had hiccups in recent months". The CPEC has also become a major irritant in India-China relations with New Delhi voicing its opposition to the infrastructure project as it traverses through Pakistan-occupied Kashmir.

China also agreed to address his concern that the CPEC projects were mainly benefitting the dominant Punjab region and the new projects will focus on the western region of Balochistan and Khyber-Pakhtunkhwa.

Mr. Lu stressed that the CPEC was an "economic project", and did not reflect China's position on Kashmir.