Amidst tension with India, pakistan is once again seeking refuge in China. pakistan is now begging its special friend to save its economy from destruction. In such a situation, a big deal has been done between PAK and China.
Pakistan has agreed to cooperate with china in many special sectors including trade, agriculture and industry. Pakistan's media says that the country's economy is in bad shape, industries are collapsing. Shahbaz Sharif government is preparing to take billions of dollars loan from foreign banks.
According to a report of news agency PTI, Pakistan's Foreign minister Ishaq Dar informed china about the latest situation in pakistan after Operation Sindoor, in which he talked about many issues including ceasefire.
Discussion on extending CPEC to Afghanistan
During his visit to china, Ishaq Dar met the Chinese Foreign Minister as well as the influential minister of the Communist Party's international Department, Liu Jianchao. During this, Dar also discussed India's decision to suspend the Indus water. Pakistan's Foreign Ministry said that Ishaq Dar and the Chinese Foreign Minister held a meeting with Afghanistan's acting Foreign minister Amir Khan Muttaqi in Beijing. The two leaders have decided to extend the China Pakistan Economic Corridor (CPEC) to afghanistan and cooperate more with china for infrastructure.
'Pakistan forced to beg for loan once again'
According to a report by Pakistan's ARY news, the country has not only lagged behind its set economic development target, but is once again forced to beg in front of the world. pakistan is also planning a loan of $ 4.9 billion. According to the report, Pakistan's GDP growth rate has been only 2.68 percent against the estimate of 3.6 percent.
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