PoliticsIshaq Dar praised China's response to Pakistan's debt crisis

Ishaq Dar praised China’s response to Pakistan’s debt crisis

Federal Finance Minister Ishaq Dar expressed his reaction to the statement of China’s Foreign Office.

Ishaq Dar said, the statement of the Chinese Foreign Office shows that our relations are deeper than friendship.

It should be noted that yesterday China demanded financial institutions and developed countries to help Pakistan.

The Chinese Foreign Ministry said that all parties should help Pakistan in solving the debt crisis.

Foreign Ministry Spokesperson Mao Ning

Spokesperson Chinese Foreign Minister Mao Ning said during a news briefing in Beijing that the strict economic policies of developed countries are the cause of economic crisis in countries like Pakistan.

Read also: All eyes on IMF deal to avoid default

The Chinese Ministry of Foreign Affairs further asked financial institutions and lending countries to help Pakistan in its economic situation.

Spokesperson Chinese Foreign Minister Mao Ning also said that all parties should play a ‘positive’ role for Pakistan.

She also pointed out that the radical fiscal and monetary policies of a certain developed country and their dire consequences are the root cause of the financial difficulties faced by Pakistan and many other developing countries.

As the situation in Pakistan evolves, the depth of China-Pakistan ties may play an important role in determining how much support Pakistan enjoys from its allies.

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