*NEW YORK – An international media report has predicted that more friendlycountries are likely to give financial assistance package to Pakistan worthbillions of dollars.*

*Friendly countries are ready to help Pakistan to steer it out of thecurrent ‘feeble’ economic condition, reported Voice of America (VoA) onMonday (today).*

“China is ready to provide economic grant to Pakistan, while United ArabEmirates (UAE) is also mulling over to give package worth 6 billion dollarsto Pakistan to strengthen its economy “, reads as report of the newschannel.

According to VoA foreign reserves of Pakistan have diminished up to eightbillion dollars, adding that it [Pakistan] requires 12 billion dollarsimmediately to pay installment of foreign and local debt.

Highlighting the PM visit, VoA further said that “Visit of Prime MinisterImran Khan to China on November 2, will bring fruitful results forPakistan.”

Prime Minister is visiting China from November 2-5 at the invitation of theChinese leadership to discuss whole range of bilateral issues besidesinking a number of agreements.

During the visit, according to the Foreign Office, the prime minister willhold meetings with Chinese President Xi Jinping and Premier Li Keqiang andreview the bilateral relations.

Both sides will sign several Agreements/MoUs of cooperation in diversefields, the Foreign Office said.

After his visit to Beijing, the premier will visit Shanghai to participatein First China International Import Expo in Shanghai, where Pakistan isexhibiting a wide range of export products.

On October 24, Kingdom of Saudi Arabia agreed to provide bailout package of$6billion to Pakistan to steer it out of ‘crunch’ financial situation.

It was also agreed that a one year deferred payment facility for import ofoil, up to $3billion, will be provided by Saudi Arabia. This arrangementwill be in place for three years, which will be reviewed thereafter.

Saudi Arabia also confirmed that it is interested in investing in apetroleum refinery in Pakistan. The MoU in this regard will be signedafter obtaining cabinet approval.