$6 billion package for Pakistan likely from China: sources

$6 billion package for Pakistan likely from China: sources

BEIJING - Pakistan and China have agreed over a likely package of $6 billion, sources have revealed.

Delegations of Pakistan and China entered the final phase of talks for the $6 billion package as senior officials of foreign affairs, finance and other sectors from both countries met during a joint session on Friday.

According to reports, Islamabad is keen to take a bailout package from Beijing amid the economic crisis. Pakistani and Chinese delegations agreed upon various matters, including the financial aid, they added.

Earlier, China announced that there would be no change in the number of projects under the China-Pakistan Economic Corridor (CPEC), as Beijing promised to help overcome its financial woes.

The two countries agreed to “firmly move forward” on various infrastructure projects in Pakistan following a meeting between Prime Minister Imran Khan and his Chinese counterpart, Li Keqiang.