China Promises to Help Cash-Strapped Pakistan

[seemslikeadream]

http://www.voanews.com/english/2008-10-16-voa37.cfm

China Promises to Help Cash-Strapped Pakistan
By VOA News
16 October 2008



China has promised to do all it can to help longtime ally Pakistan overcome its financial difficulties.


Pakistan's President Asif Ali Zardari shakes hands with Chinese Premier Wen Jiabao at Zhongnanghai leaders compound in Beijing, 16 Oct 2008

Reports from Beijing Thursday say Chinese Premier Wen Jiabao made the promise during a meeting with Pakistani President Asif Ali Zardari, who is visiting China.

A spokesman for China's Foreign Ministry, Qin Gang, told reporters after the meeting that China is ready to support Pakistan "within its capability." He did not specify what kind of assistance Beijing would provide.

On Wednesday, Pakistan's president and his Chinese counterpart Hu Jintao signed more than 10 deals on cooperation in areas including economy, trade, mining and agriculture.

Mr. Zardari is seeking economic agreements and assistance in an effort to save Pakistan from economic collapse.

The Financial Times newspaper reported that Pakistan's president was to seek more than $500 million in loans from China and a nuclear energy accord. But Chinese state media did not mention any agreements in these areas.

Pakistan's president arrived in China on Tuesday for a four-day state visit. This is his first visit abroad since he took office last month.