Prime Minister Shehbaz Sharif last week undertook a maiden visit to China. It was unusual that a newly elected Prime Minister of Pakistan had to wait too long for a bilateral trip to China. There were rumours that China was not happy with the change of government in Pakistan and hence was not ready to receive the new Prime Minister. Therefore, prior to PM Shehbaz’s visit Pakistan had taken certain steps to ally China’s concerns. Islamabad is now eyeing another $4.2 billion financial package — $3 billion safe deposits and $1.2 billion for oil on deferred payment.

Source: The Express Tribune November 07, 2022 23:23 UTC