Economic corridor on top of agenda for Pakistan foreign minister’s Beijing visit

Pakistan Foreign Minister Shah Mahmood Qureshi speaking at China Institute for International Strategic Studies (CIISS) in Beijing on Monday. (Photo credit: PID)
Updated 18 March 2019
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Economic corridor on top of agenda for Pakistan foreign minister’s Beijing visit

  • Pakistani foreign office denies FM Qureshi will seek additional financial assistance from China during three-day talks
  • Analysts say Pakistan will take China into confidence about initiating action against banned groups and their leaders

ISLAMABAD: Pakistan’s Foreign Office said on Monday Foreign Minister Shah Mahmood Qureshi would hold strategic talks during his three-day visit to China and discuss enhancing projects under the $60 billion China-Pakistan Economic Corridor (CPEC) of infrastructure and energy projects.

Though China is Pakistan’s closest ally, the new government of Prime Minister Imran Khan has sought to re-configure the two countries’ signature CPEC deal to put greater emphasis on social development rather than purely on energy and infrastructure projects.

Qureshi arrived in Beijing on Monday for the first Pakistan-China foreign ministers’ strategic dialogue amid persisting tensions with Pakistan’s nuclear-armed neighbor India.

“China is our all-weather friend and we want to continue the process of strategic dialogue to further strengthen our bilateral relationship,” Dr. Mohammad Faisal, the spokesman for the Pakistani Foreign Office (FO), told Arab News on Monday. “Regional situation and cooperation at multilateral forums will also come under discussion, besides reinforcing efforts to deepen economic engagement under the CPEC.”

Faisal denied that Qureshi would seek economic assistance from China during the visit.

“(The subject of) economic assistance doesn’t come under the purview of strategic dialogue. Nothing like cash assistance is going to be discussed,” the spokesman said.

Last year, Pakistan received $6 billion and $3 billion loan packages from Saudi Arabia and the UAE respectively, to help cash-starved Pakistan bridge a yawning current account deficit and shore up foreign reserves. Pakistan and UAE were in talks for an additional $3 billion oil supply on deferred payments but reports now suggest the Emirates has declined to extend the facility.

Qureshi is scheduled to call on the Chinese leadership during his visit and address the Political Parties Forum on the CPEC, according to a statement issued by the FO on Monday.

He will also participate in the ruling parties’ dialogue between the Pakistan Tehreek-e-Insaf (PTI) and the Communist Party of China (CPC), the statement read. 

On Monday, Qureshi spoke at the China Institute for International Strategic Studies (CIISS) in Beijing where he reiterated that Pakistan and China are not only strong friends, but their relations are based on strategic partnership.


Pakistani, Bangladeshi officials discuss trade, investment and aviation as ties thaw

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Pakistani, Bangladeshi officials discuss trade, investment and aviation as ties thaw

  • Pakistan and Bangladesh were once one nation, but they split in 1971 as a result of a bloody civil war
  • Ties between Pakistan, Bangladesh have warmed up since last year and both nations have resumed sea trade

ISLAMABAD: Pakistan's High Commissioner to Bangladesh Imran Haider on Sunday met Chief Adviser Muhammad Yunus in Dhaka, the latter's office said on, with the two figures discussing trade, investment and aviation.

Pakistan and Bangladesh were once one nation, but they split in 1971 as a result of a bloody civil war, which saw the part previously referred to as East Pakistan seceding to form the independent nation of Bangladesh.

Ties between Pakistan and Bangladesh have warmed up since former prime minister Sheikh Hasina’s ouster as a result of a student-led uprising in August 2024. Relations remain frosty between Dhaka and New Delhi over India’s decision to grant asylum to Hasina.

Pakistan has attempted to forge closer ties with Bangladesh in recent months and both South Asian nations last year began sea trade, followed by efforts to expand government-to-government commerce.

"During the meeting, both sides discussed ways to expand cooperation in trade, investment, and aviation as well as scaling up cultural, educational and medical exchanges to further strengthen bilateral relations between the two South Asian nations," Yunus's office said in a statement on X.

In 2023-24 Pakistan exported goods worth $661 million to Bangladesh, while its imports were only $57 million, according to the Trade Development Authority of Pakistan. In Aug. this year, the Pakistani and Bangladeshi commerce ministries signed a memorandum of understanding to establish a Joint Working Group on Trade, aiming to raise their bilateral trade volume to $1 billion in the financial year that began in July.

The Pakistani high commissioner noted that bilateral trade has recorded a 20 percent growth compared to last year, with business communities from both countries actively exploring new investment opportunities, according to the statement.

He highlighted a significant increase in cultural exchanges, adding that Bangladeshi students have shown strong interest in higher education opportunities in Pakistan, particularly in medical sciences, nanotechnology, and artificial intelligence. Haider also said that Dhaka-Karachi direct flights are expected to start in January.

"Chief Adviser Professor Muhammad Yunus welcomed the growing interactions between the two countries and emphasized the importance of increased visits as well as cultural, educational and people-to-people exchanges among SAARC (South Asian Association for Regional Cooperation) member states," the statement read.

"Professor Yunus also underscored the need to further boost Bangladesh–Pakistan trade and expressed hope that during Mr. Haider’s tenure, both countries would explore new avenues for investment and joint venture businesses."