China-Pakistan Corridor Not Tied to India-Pakistan Territorial Dispute - Beijing

China-Pakistan Corridor Not Tied to India-Pakistan Territorial Dispute - Beijing

"China appreciates Pakistan's quest for peace through dialogue, cooperation and negotiation, on the basis of mutual respect and equality, and supports Pakistan's efforts for improvement of Pakistan-India relations and for settlement of outstanding disputes between the two countries", it said.

In response to the debt crisis, Pakistan is seeking an emergency bailout loan of $8 billion from the International Monetary Fund, which plans to send a team to Pakistan to assess the situation.

Pakistan's foreign reserves have plunged 42 percent since the start of the year.

Khan responded by saying that CPEC had evolved from the concept stage to showing tangible results "on the ground" that have "caught the imagination of the people of Pakistan". Whenever we have been in need, China has been there to help us, he said, adding that whenever it is needed, Pakistan will always stand by its "iron brothers".

The CPEC is a $46 billion-worth infrastructure project funded by China that aims at increasing the region's integrity by connecting the Pakistani port city of Gwadar and the Xinjiang Uyghur Autonomous Region via transportation routes.

China's Premier Li Keqiang and his Pakistani counterpart Imran Khan signed 15 agreements and memorandums of understanding in the Great Hall of the People in the Chinese capital, pledging stronger cooperation in fields such as poverty alleviation, agriculture, industry and science.

Speaking at a ceremony at Central Party School, the prime minister told the young Chinese participants that Pakistan's growth rate was highest in 60s which was later badly affected affected by corruption.

Pakistan and China don't share a border.


China will continue to place Pakistan in the priority direction of neighboring diplomacy, said Wang, pledging to work with Pakistan to maintain frequent exchanges of high-level visits and meetings, strengthen strategic communication and further enrich and expand the China-Pakistan Economic Corridor construction.

The president said the revision of CPEC projects was an ongoing process.

India has also been protesting the China-Pakistan Economic Corridor (CPEC) project, which is a slew of infrastructure projects that are now underway through Pakistan.

The two sides discussed ways to boost Pakistan's industrial capacity through joint ventures, including steps to take concrete measures in addressing the trade imbalance.

In his meeting with Li, Khan invited the Chinese premier to visit Pakistan and see for himself the difference the mega-project has made in the country.

Our country is very impressed the way China has progressed. "Unfortunately we have inherited a very hard economic situation", Khan said. "If there were, it would only be to increase [them], not decrease" he said. "The CPEC will be introduced to more areas of Pakistan and we are also in favour of areas relating to people's lives and hence going forward both the areas and the contents of the CPEC will be enriched", Kong said.

One of his key election pledges was to reduce poverty for Pakistan's 197 million residents.

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