Pakistani and Chinese senior officials met and reviewed their opinions on international and regional security issues. In a news release, Inter-Services Public Relations said, “Both parties addressed their viewpoints on the international and regional security situation, and expressed pleasure with defense cooperation between the two countries.” From June 9 to 12, a Pakistani senior tri-service military delegation visited China and conducted extensive consultations with top officials from the Chinese military and other government departments.
“Both sides also vowed to enhance their training, technology and counterterrorism cooperation at the tri-service level,” the statement further read. Meanwhile, on June 2, China agreed to refinance Pakistan with USD 2.3 billion worth of funds amid the dwindling foreign exchange reserves of the country. “Good News: The terms and conditions for refinancing of RMB 15 billion deposit by Chinese banks (about US$ 2.3 billion) have been agreed.
“Apex Meeting was held on 12 June wherein Pakistani side was headed by Chief of Army Staff (COAS), General Qamar Javed Bajwa while the Chinese side was led by General Zhang Youxia Vice Chairman Central Military Commission of China,” according to the statement. During the apex meeting, Pakistan and China reaffirmed their strategic partnership in challenging times and agreed to continue the regular exchange of perspectives on issues of mutual interest.
Inflow is expected shortly after some routine approvals from both sides. This will help shore up our foreign exchange reserves,” Ismail tweeted. This development comes as the restoration of the country’s delayed International Monetary Fund (IMF) programme depends on the government’s capacity to make a fiscal adjustment of about 2.5 per cent of the GDP. The fiscal adjustments can be made by increasing the revenues and reducing the expenditure in the next budget
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