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Pakistan can overcome temporary financial difficulties: China

Pakistan can overcome temporary financial difficulties: ChinaBeijing, July 11 (IANS) A Chinese official said on Wednesday that China believes Pakistan can overcome temporary difficulties in foreign exchange reserves and maintain stable economic development.

Foreign Ministry spokesperson Hua Chunying made the remarks at a press briefing in response to some Western media reports, which said Pakistan, facing a surging debt risk and a shortage of foreign exchange reserves, hoped China could continue to provide loans, otherwise a number of infrastructure projects of the China-Pakistan Economic Corridor could be affected.

Hua refuted the reports as being "seriously inaccurate," Xinhua reported.

"Pakistan's Finance Minister Shamshad Akhtar has made it clear that Pakistan will firmly adhere to pushing forward the construction of the China-Pakistan Economic Corridor," Hua said.

 

She said that the China-Pakistan Economic Corridor had played a positive role in helping Pakistan maintain relatively high economic growth, and gained full support from the government and people of Pakistan.

"We believe that the construction of the corridor will be implemented steadily according to agreements of the two sides and will not be disturbed by other factors," Hua said.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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Pakistan can overcome temporary financial difficulties: China

About Gopi Adusumilli

Gopi Adusumilli is a Programmer at Excellus Blue Cross Blue Shield. He is the editor of SocialNews.XYZ and President of AGK Fire Inc. He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources. When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any. He can be reached at gopi@socialnews.xyz

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