'PM's China visit opens up new vistas of economic cooperation'

'PM's China visit opens up new vistas of economic cooperation'

She said the two sides agreed to make concerted efforts to implement all consensus reached by the leaders of the two countries and elevate the China-Pakistan all-weather strategic cooperative partnership to a new height.

Finance Minister Asad Umar earlier this week confirmed that talks were held with China for a relief package during the prime minister's visit, and that the two sides agreed on continuing discussions in this regard.

The Pakistan Tehreek-e-Insaf government has ordered for immediate removal of Arshad Khan from the post of Managing Director (MD) of Pakistan Television Corporation (PTV) after the state-run news channel was involved in a major goof-up during Prime Minister Imran Khan's recent visit to China.

The ministry announced that Prime Minister Imran Khan's visit to China is a success and the two sides made remarkable achievements. "The country recorded $37 billion trade deficit, the highest-ever, in the last fiscal year, almost half of which is because of the trade imbalance with China", he said during the conference. The top Chinese leadership expressed their strong support and a task force was established by both sides to take the matters further.

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On Saturday, China said it had agreed to "firmly move forward" with infrastructure projects in Pakistan following meetings between Mr Khan and Chinese Premier Li Keqiang.

Pakistan's foreign reserves have plunged 42 percent since the start of the year and now stand at about $8 billion, or less than two months of import cover.

A Pakistani delegation in Beijing is holding talks with Chinese officials today to finalise modalities for economic cooperation, Radio Pakistan reported.

"Pakistan and China have agreed to broaden the CPEC trajectory, and it will now be one corridor with many doors", he said. "These included agreements in the area of socio-economic development, poverty alleviation, agriculture, economic and technical cooperation, forestry, earth sciences, higher education and technology". It was decided that the next stage of CPEC will focus on industrial expansion, agricultural revitalization and trade integration of the two economies. China and Pakistan are iron brothers and together we will climb the highest mountains.

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