ISLAMABAD – President Pakistan Economy Watch (PEW) Dr. Murtaza Mughal hassaid the upcoming visit of Prime Minister Imran Khan to China can result invarious deals which will help to stabilize the troubled economy of country.

In a statement issued here on Sunday, Dr. Murtaza Mughal said that the UShas started a cold war against China, it is pressurizing Pakistan, usingIndia against China and Pakistan and damaging global economic order.

In the given scenario, Pakistan and China need each other to confrontthreats which was the only possible when Islamabad is backed by a stableeconomy, he added.

The President PEW said that the outcome of the visit of Prime MinisterImran Khan could be new deals worth billions of dollars, a package toimprove the balance of payments crisis while Beijing can also help IMFrelax loan conditions for Pakistan.

Dr. Murtaza Mughal said that Chinese companies are facing problems due toUS sanctions, therefore, Pakistan can offer them help in relocation toPakistan while investment in other sectors can be persuaded.

He said that Chinese investment in the agricultural sector could be soughtto develop this sector and improve the trade balance by exportingagricultural products to China.

Both the countries can tackle doubts over China Pakistan Economic Corridor(CPEC) and decide to prioritize and expedite the projects under thematchless Chinese initiative, he added.

The President PEW said that CPEC is a huge economic opportunity which hascreated 80,000 jobs in Pakistan and by the end of 2030, some 700,000 morejobs will be created.

The strategic partnership between Pakistan and China is not against anythird country while the US-India relationship is clearly meant to harmPakistan and China, he added.