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Chinese Foreign Ministry on Pakistan Forex Crisis


Recently, some western media quoted Pakistani officials as saying that Pakistan is experiencing a sharp increase of debt risk and a shortage of foreign exchange reserves. China is expected to provide loans to the Pakistani side, otherwise Pakistan will ask the International Monetary Fund for help once again. If so, it may affect some infrastructure projects under the China-Pakistan Economic Corridor. What is your comment?

A: The relevant reports severely deviate from the facts. Pakistani Finance Minister Shamshad Akhtar Detho has issued a statement to clarify this, stressing that the Pakistani side will steadfastly advance the China-Pakistan Economic Corridor (CPEC). The Chinese side has noted the shortage of foreign exchange reserves in Pakistan. We believe that the Pakistani side can overcome the temporary difficulties to maintain the steady development of its economy. In recent years, the CPEC has played a positive role in maintaining the relatively high economic growth in Pakistan and received the wholehearted support from the Pakistani government and people. We believe that the CPEC will be advanced in a steady manner in accordance with the consensus reached by China and Pakistan


http://www.fmprc.gov.cn/mfa_eng/xwfw_665399/s2510_665401/t1576325.shtml

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