'PM's China visit opens up new vistas of economic cooperation'

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He also said that China had assured "every kind of assistance" to Pakistan.

The delegation will hold talks with Chinese officials to finalise a possible economic package, in a follow-up to Prime Minister Imran Khan's five-day visit to China last week.

After previously saying his country was in urgent need of $12bn to rebalance the economy, Finance Minister Asad Umar said on Tuesday "Pakistan's immediate balance of payment crisis is over" thanks to the help received by China and Saudi Arabia.

"Some people tried to portray the current government as a regime which is inattentive towards Pakistan's relationship with China".

In his comments on Tuesday, Umar said "we had told you about the Dollars 12 billion financing gap, of which $6 billion have come from Saudi Arabia, and the rest has come from China. I want to make that clear in unequivocal terms that we do not have any balance of payments crisis now", Umar said. That was just a day before a team from the International Monetary Fund (IMF) arrived in the country's capital of Islamabad for two weeks to discuss Pakistan's request for another bailout. "We no longer face any deficit in the balance of payment".

"We decided that our strategic dialogue must be upgraded and its level be raised to the foreign ministers level", he said.

Officials said that Pakistan may still seek a financial package from IMF to back up the reserves and enter the global bond market.

Auto 'explodes', man shot by police in Melbourne
Clayton said that the public is still advised that the area remains closed as investigations are ongoing at the crime scene. Two officers got out of the auto and attempted to engage him. "One person has been taken to hospital with a neck injury".

Umar's comments of China's assistance came in the backdrop of criticism in the Pakistan media that Khan has returned home empty handed without securing firm commitment from Beijing as it remained circumspect due his past criticism of projects of China Pakistan Economic Corridor (CPEC), an ambitious project of President Xi.

He said now the agriculture sector is also being included in CPEC to uplift it.

Regarding the second phase of the Pakistan-China Free Trade Agreement (FTA), he said that both sides would try to wrap it up by April 2019.

Feeling very confident after returning from a productive visit to China led by PM Imran Khan.

Qureshi further said that Pakistan and China had signed a MoU regarding agricultural cooperation which he claimed is a major success for Pakistan.

There is a national consensus and we are moving forward with unity.

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