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Pakistan claims China agreed to rollover $4.2 bn debt; Chinese FM meets Pak Army chief

Pakistan on Wednesday said that China is in agreement to device a valuable financial reduction to the country by the rollover of $4.2 billion debt that became once maturing this week. The money-strapped Islamabad had earlier made repeated requests to Beijing to roll over the debt.

Meanwhile, Chinese Foreign Minister Wang Yi on Wednesday also met with Pakistan’s Chief of Army Staff (COAS) Long-established Qamar Javed Bajwa to focus on about issues alongside with mutual curiosity and bilateral defence cooperation.

Pakistan media experiences on Wednesday quoted Finance Minister Shaukat Tarin as saying that a $2 billion mortgage by China’s Dispute Administration of Foreign Alternate (SAFE) has been rolled over. The SAFE deposit mortgage matured on Wednesday, the experiences claimed.

Following this, Tarin acknowledged that the visiting Chinese Foreign Minister Wang Yi also conveyed on Tuesday China’s willingness to roll over one other $2.2 billion Chinese commercial loans. The fresh facility is maturing on Friday and will now be handed over following Pakistan’s repeated requests to Beijing.

Chinese FM Wang meets Pak Army chief Bajwa

Chinese Foreign Minister Wang Yi on Wednesday met Pakistan COAS Long-established Qamar Javed Bajwa. Wang Yi talked about issues of mutual curiosity, regional security and bilateral defence cooperation with the Pakistan Army chief. Per a commentary by the Pakistan Army, Wang, who’s also the Dispute Councillor, lauded the Pakistan-China relationship essentially based mostly on ‘convergence of views and mutual appreciate’.

Furthermore, the Chinese FM pledged to work for extra enhancements in diplomatic cooperation with Pakistan at all ranges, it said. Following the assembly, Gen Bajwa prolonged gratitude to Wang for China’s persisted toughen of Pakistan. The assembly came as a chunk of the 48th session of the Organisation of Islamic Cooperation (OIC), which became once attended by the ministers and delegates from 57 Muslim states and worldwide organisations.

Pakistan’s FM Qureshi lauds China’s toughen of Pakistan

Referring to the presence of his Chinese counterpart in OIC assembly, Pakistan Foreign Minister Shah Mehmood Qureshi said that Wang Yi sends a message that Pakistan is no longer by myself and that China stands by Pakistan via thick and thin.

Qureshi extra claimed, “This (Wang Yi’s presence) is to decided rumours that every person is no longer neatly between Pakistan and China. Second element is that China wishes factual household with Muslim nations and Pakistan welcomes that.”

(With PTI inputs)

Characterize: AP

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