The prime minister also lauded friendly ties with China
ISLAMABAD - Prime Minister Shehbaz Sharif on Friday wrote a letter to China with a request of debt reprofiling for Pakistan to secure the IMF ’s approval for a $7 billion economic bailout by next month.
“I have written a letter to China, it’s a matter of public domain now, for reprofiling,” said the prime minister while chairing a cabinet meeting on Friday. The process can help a country to mitigate the currency risk that often exacerbates debt sustainability issues.“Nobody was ready to invest in our energy sector at the time, but China stepped in and began CPEC, it was the only country to intervene,” said the prime minister, while commending the role of China in developing Pakistan’s infrastructure.The Chinese delegation is on a visit to Pakistan for China’s cooperation in various fields in Pakistan.
During the visit, the delegation presented their views about Chinese investment in Pakistan and cooperation about the second phase of CPEC. Sources said promotion of Pakistan’s exports were also discussed.
Prime Minister IMF China Pakistan CEPEC
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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