President Xi says China will support Pakistan in stabilising its financial situation

President Xi says China will support Pakistan in stabilising its financial situation

Beijing (Web Desk/Agencies): Chinese President Xi Jinping on Wednesday assured that his country will continue to extend support to Pakistan for sustainable economic development and harness its potential as a geo economic hub.

He made these remarks during a meeting with Prime Minister Shehbaz Sharif at the Great Hall of People in Beijing.

The Chinese president announced an additional assistance package of five hundred million RMB for Pakistan's post flood relief and rehabilitation efforts.

Both the leaders reaffirmed their commitment to the all-weather strategic partnership between the two countries that has withstood the test of time. It was noted that the two nations have stood firmly side by side, in realizing their shared vision of peace, stability, development and prosperity.

They discussed cooperation across a range of issues including defense, trade and investment, agriculture, health, education, green energy, science and technology and disaster preparedness.

President Xi and PM Shehbaz expressed their mutual commitment to the China-Pakistan Economic Corridor (CPEC).

They highlighted that CPEC's high quality development would further strengthen bilateral ties between Pakistan and China.

In this regard, the two leaders agreed that as a project of strategic importance, both sides would make joint efforts for launching ML-1 as an early harvest project under the CPEC framework.

They also acknowledged the need for a mass transit project in Karachi and agreed to finalize all formalities for early launching of Karachi Circular Railway.

The two leaders appreciated the signing of a number of agreements covering broad range of bilateral cooperation during the visit.

Reaffirming Pakistan's unique historic ties with China and salience of bilateral friendship for regional peace and stability, PM Shehbaz reaffirmed that Pakistan-China friendship enjoyed complete consensus across the political spectrum in Pakistan and is  a model of inter-state relations.

Paying tribute to President Xi's leadership for China's prosperity and his vision for strengthening of bilateral cooperation, Shehbaz Sharif said that Pakistan drew inspiration from China's socio-economic development and national resolve to country's progress and prosperity.

The two leaders also discussed key issues pertaining to region including the situation in Indian Illegally Occupied Jammu and Kashmir (IIOJK) and Afghanistan.

They acknowledged that a peaceful and stable Afghanistan would promote regional security and economic development and agreed that CPEC's extension to Afghanistan would strengthen regional connectivity initiatives.

President Xi Jinping and PM Shehbaz also exchanged views on the rapid transformation in the international environment, which had exacerbated economic challenges for developing countries. They affirmed their shared belief in dialogue and cooperation based on equality and mutual benefit as critical for global peace and prosperity.

They agreed that contemporary challenges like climate change, health pandemic and growing inequalities needed unqualified cooperation among states, in accordance with the purposes and principles of the UN Charter.

There was complete unanimity of views between the two leaders.

PM Shehbaz thanked China's invaluable assistance to Pakistan's relief, rehabilitation and reconstruction efforts in the wake of devastation caused by super floods in the country.

He extended a warm invitation to President Xi for visiting Pakistan at an early date, which the later accepted graciously.

On Tuesday, Prime Minister Shehbaz Sharif left for China on a two-day visit at the invitation of Chinese Premier Li Keqiang.

This is PM Shehbaz's first official visit to China since he became premier in April.

He is heading a high-level delegation, including federal ministers, special assistants as well as the Sindh chief minister.

The prime minister is among the first leaders to visit Beijing following the historic 20th National Congress of the Communist Party of China.