AGL 6.95 Increased By ▲ 0.50 (7.75%)
ANL 9.70 No Change ▼ 0.00 (0%)
AVN 76.60 Decreased By ▼ -1.00 (-1.29%)
BOP 5.45 Increased By ▲ 0.02 (0.37%)
CNERGY 5.02 Increased By ▲ 0.05 (1.01%)
EFERT 80.00 Increased By ▲ 2.75 (3.56%)
EPCL 57.11 Increased By ▲ 1.62 (2.92%)
FCCL 15.29 Decreased By ▼ -0.07 (-0.46%)
FFL 6.43 Decreased By ▼ -0.05 (-0.77%)
FLYNG 7.34 Decreased By ▼ -0.13 (-1.74%)
GGGL 10.75 Increased By ▲ 0.30 (2.87%)
GGL 16.91 Increased By ▲ 0.52 (3.17%)
GTECH 8.35 Decreased By ▼ -0.02 (-0.24%)
HUMNL 6.40 Decreased By ▼ -0.05 (-0.78%)
KEL 3.03 Increased By ▲ 0.10 (3.41%)
LOTCHEM 29.10 Increased By ▲ 0.76 (2.68%)
MLCF 28.35 Increased By ▲ 0.27 (0.96%)
OGDC 74.29 Increased By ▲ 0.44 (0.6%)
PAEL 15.84 Increased By ▲ 0.29 (1.86%)
PIBTL 5.44 Increased By ▲ 0.09 (1.68%)
PRL 17.56 Increased By ▲ 0.17 (0.98%)
SILK 1.08 Increased By ▲ 0.01 (0.93%)
TELE 10.85 Decreased By ▼ -0.11 (-1%)
TPL 8.52 Increased By ▲ 0.71 (9.09%)
TPLP 21.19 Increased By ▲ 1.53 (7.78%)
TREET 23.70 Decreased By ▼ -0.15 (-0.63%)
TRG 127.50 Increased By ▲ 0.60 (0.47%)
UNITY 23.15 Increased By ▲ 0.09 (0.39%)
WAVES 11.56 Increased By ▲ 0.01 (0.09%)
WTL 1.16 Increased By ▲ 0.02 (1.75%)
BR100 4,153 Increased By 27.1 (0.66%)
BR30 15,715 Increased By 219.7 (1.42%)
KSE100 41,428 Increased By 276.2 (0.67%)
KSE30 15,522 Increased By 102.3 (0.66%)
Follow us

It is heartening to note that China has committed to coming to a cash-strapped country’s rescue by helping it salvage a woefully beleaguered economy. That it has come out in a big way by rolling over its loan and pledging more financial assistance is something that deserves praise and commendation. According to a Business Recorder exclusive report, it is likely that Saudi Arabia and the United Arab Emirates together will also be extending a helping hand to Pakistan. It is quite likely that things will start improving insofar as the country’s economy is concerned.

Be that as it may, Pakistan army chief Gen Qamar Javed Bajwa deserves accolades for successfully persuading China to do the needful. It was during his recent visit to Beijing that China agreed to provide more financial assistance to Pakistan over and above the roll over of its existing lending. It was also during his visit that the militaries of the two countries decided to give impetus to the efforts aimed at expanding and enhancing the military cooperation between the two countries and taking their relationship to new heights in view of India’s growing belligerence towards almost all of its neighbours, including China and Pakistan.

Basit Nazar (Islamabad)

Copyright Business Recorder, 2022

Comments

Comments are closed.