ISLAMABAD: China has assured Pakistan of relending $3.7 billion in commercial loans, denominated in Chinese currency, before the end of June, including $2.4 billion that is maturing next month, in a move that will help keep the foreign exchange reserves in double-digits. Unlike in the past, when Beijing has given loans in non-Chinese currency too, this time Pakistan’s strategic ally …
A new powerful alliance has emerged in Asia from a foundation of trust that developed through years of strategic cooperation and found validation through modern battle testing. The recent Pakistan-India conflict revealed to the entire world the development of Chinese defense capabilities and the enhanced power of the China-Pakistan military alliance. Pakistan and China have maintained a diplomatic relationship that …
BEIJING: Pakistan, China and Afghanistan have agreed to extend the China-Pakistan Economic Corridor (CPEC) into Afghan territory, marking a significant step in trilateral cooperation under the Belt and Road Initiative. The agreement came during an informal trilateral meeting held in Beijing on Wednesday between Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar, Chinese Foreign Minister Wang Yi, and Afghanistan’s …
ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday thanked China’s envoy for endorsing his offer to conduct a neutral probe into the Pahalgam attack, following India’s actions against Pakistan that have heightened the risks of a military confrontation between the two countries. The April 22 attack in occupied Kashmir’s Pahalgam killed 26 people, mostly tourists, marking one of the deadliest assaults …
ISLAMABAD: China on Monday urged India and Pakistan to “exercise restraint” as the two countries reportedly exchanged fire at the Line of Control (LoC) for a fourth night in a row in the wake of a deadly attack in occupied Kashmir’s Pahalgam. The April 22 attack killed 26 people, mostly tourists, and was one of the deadliest armed attacks in …
BEIJING: China’s annual “two sessions” are being held in Beijing from March 4 to March 11. With a target of hitting 134.9 trillion yuan in 2024, China has set its 2025 GDP growth target at around 5%, announced at the third session of the 14th National People’s Congress when Chinese Premier Li Qiang delivered the government work report on March …
ISLAMABAD: The Chinese Consul General Yang Yundong said on Friday that both China and Pakistan were focused at the completion of the Karakoram Highway (KKH) and the Main Line-1 (ML-1) project. Pakistan has held strong bilateral relations with China which has supported it through many investments and development projects such as the China-Pakistan Economic Corridor (CPEC), which was termed as …
ISLAMABAD: China has extended the repayment period of a $2 billion loan to Pakistan by one year, offering crucial financial relief to the country, the finance ministry confirmed on Saturday. The loan was originally due for repayment on March 24, but China has agreed to defer it to support Pakistan’s economic stability and recovery efforts, the ministry said in a …
ISLAMABAD: The Foreign Office (FO) on Monday confirmed that President Asif Ali Zardari will embark on a four-day state visit to China, starting on February 4 at the invitation of Chinese President Xi Jinping. In November, the president had been unable to proceed to China on a scheduled official visit due to a foot fracture as the doctors had advised …
ISLAMABAD: Prime Minister Shehbaz Sharif and Chinese Ambassador Jiang Zaidong discussed economic and security ties between their countries during a meeting in Islamabad on Friday, state-run Radio Pakistan reports. Their meeting follows the occasion of the Chinese New Year, which was celebrated by millions across Asia on January 29, when PM Shehbaz and President Zardari issued special greetings. Ambassador Zaidong …