China's financial package for Pakistan testimony of all-weather friendship: Zhao

China's financial package for Pakistan testimony of all-weather friendship: Zhao

ISLAMABAD: Deputy Chief of Mission (DCM) Chinese Embassy in Pakistan, Lijian Zhao termed China's financial package for Pakistan a 'reflection' all-weather and ever-strengthening bilateral ties between the two countries.

Talking to media persons he said, "Chinese government will not disclose the amount volume being given to Pakistan as a financial assistance as presently both countries' experts are working on it."

"China has been extending fiscal help to Pakistan in difficult times in past, and we will continue with the same spirit in future too," he added.

He said Pakistan and China are enjoying all-weather and time-tested friendship and commended China's eagerness for providing financial assistance through various channels to steer Pakistan out from prevailing economic crisis.

The deputy chief mission reminded that in the past, China's central and commercial banks had kept billions of dollars in the State Bank of Pakistan's (SBP) reserves for economic stability. "Anyone can check from the SBP record", he added.

About the China Pakistan Economic Corridor (CPEC), he said it will be a win-win situation for both the countries, adding " Pakistan will be more beneficial from the CPEC and Chinese companies working here will also get reasonable profit from it."

He said the CPEC will generate about 750,000 job opportunities for the Pakistani youth. He said, "If we consider the CPEC an airplane, Pakistan is its pilot". He said China has no objection to include any other country in the CPEC, as some countries have also their shares in some projects being carried out under the CPEC. "We want participation of other countries in the CPEC," he added.

He said China had made foreign direct investment in projects under the CPEC while Chinese companies had given loan at very low rates to Pakistan.