China’s offer of financial assistance of up to $500 million to Pakistan to help it cope with its balance of payments problems at a low interest rate is highly appreciated. The offer was made during President Zardari’s first official trip to the country. This is apart from the offer of yuan 70 million that the all-weather friend has made to help us pay the circular debt, one of the main causes of electricity shortfall. The financial assistance will come handy since it comes at a time when the economy is in a shambles and the people are going through a rough patch pinched by loadshedding and closure of industry. Under the circumstances, Islamabad must not hesitate to accept it. This money will also hopefully go into easing the financial crunch faced by the government especially when it now has to start returning the loans taken from international financial agencies.
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Monday, 20 May, 2013
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March 13, 2012Friend or foe?
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January 05, 2012Man’s best friend
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September 25, 2011A friend, indeed
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July 19, 2011A friend indeed
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July 15, 2012Some ‘friend’ for the US
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May 14, 2013PTI, JI, QWP join hands to form govt in KPK
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May 14, 2013, 3:44 pmECP announces results of 254 National Assembly seats -
May 18, 2013PML-N warns PM Khoso crossing limits -
May 14, 2013Won’t speak against Pakistan -
May 14, 2013, 4:03 pmSherry Rehman quits as Ambassador to US -
May 15, 2013, 6:10 pmUK police to take action on Altaf's speech: Thomson -
May 16, 2013PTI-led KPK coalition govt worked out
A friend indeed
June 17, 2012
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