Pakistan's financial woes have dragged the country down to a "low point", Imran Khan told China's President on Friday, as he seeks funds from Beijing to stave off a fiscal crisis.
Before travelling to meet Xi Jinping, the Pakistan prime minister said that he was striving to obtain financial aid from two unnamed countries after Islamabada secured $6 billion in funding from Saudi Arabia.
His government has also entered talks with the International Monetary Fund over a potential bailout as it grapples with a balance of payment crisis and current account deficit.
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Weekend Essay
The four delicate constituencies Imran Khan has to manage in order to achieve his goals
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Greeted by Mr Xi at the Great Hall of the People in Beijing, Mr Khan said he had come to "learn" from China's experiences in combatting poverty and corruption.
"Unfortunately we have inherited a very difficult economic situation," he said.
"Countries go in cycles. They have their high points, they have their low points. Unfortunately our country is going through a low point at the moment."
Mr Xi said he attached "great importance to China-Pakistan relations" and was "willing to work together with the prime minister to strengthen China-Pakistan's all-weather strategic partnership and build a new era of China-Pakistan destiny."
But neither leader announced any deals. Mr Khan will meet with Chinese Premier Li Keqiang on Saturday and will attend a massive import expo hosted by Mr Xi in Shanghai next week.
The two countries are building the China-Pakistan Economic Corridor (CPEC), a multi-billion-dollar project at the heart of Beijing's Belt and Road Initiative, an ambitious trade infrastructure programme spanning the world.
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Pakistan latest
UAE set to partner with Pakistan in fresh clamp down on money laundering
'Pakistan needs time and money, but I have absolutely no doubt we will deliver'
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The corridor aims to increase energy and transport links between the western Chinese region of Xinjiang with the Arabian Sea via Pakistan.
However, given Pakistan's deteriorating finances, in recent months there have been concerns that portions of the agreement may have to be scaled down.
Analysts said Khan would push for financial assistance from Beijing, an important creditor of Pakistan, during the visit.
Since taking power in August, Mr Khan has sought loans from "friendly" countries like Saudi Arabia, vowed to recover funds stolen by corrupt officials, and embarked on a series of populist austerity drives to raise cash.
Pakistan has gone to the IMF repeatedly since the late 1980s.
The last time was in 2013, when Islamabad got a $6.6 billion loan to tackle a similar crisis.
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The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
SPECS
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Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
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APPLE IPAD MINI (A17 PRO)
Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits
Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine
Storage: 128/256/512GB
Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4
Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps
Biometrics: Touch ID, Face ID
Colours: Blue, purple, space grey, starlight
In the box: iPad mini, USB-C cable, 20W USB-C power adapter
Price: From Dh2,099
The biog
Name: Greg Heinricks
From: Alberta, western Canada
Record fish: 56kg sailfish
Member of: International Game Fish Association
Company: Arabian Divers and Sportfishing Charters
Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
MATCH INFO
Juventus 1 (Dybala 45')
Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')
Red card: Rodrigo Bentancur (Juventus)
COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine
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Company profile
Name: One Good Thing
Founders: Bridgett Lau and Micheal Cooke
Based in: Dubai
Sector: e-commerce
Size: 5 employees
Stage: Looking for seed funding
Investors: Self-funded and seeking external investors
Queen
Nicki Minaj
(Young Money/Cash Money)
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
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SPEC SHEET
Display: 10.9" Liquid Retina IPS, 2360 x 1640, 264ppi, wide colour, True Tone, Apple Pencil support
Chip: Apple M1, 8-core CPU, 8-core GPU, 16-core Neural Engine
Memory: 64/256GB storage; 8GB RAM
Main camera: 12MP wide, f/1.8, Smart HDR
Video: 4K @ 25/25/30/60fps, full HD @ 25/30/60fps, slo-mo @ 120/240fps
Front camera: 12MP ultra-wide, f/2.4, Smart HDR, Centre Stage; full HD @ 25/30/60fps
Audio: Stereo speakers
Biometrics: Touch ID
I/O: USB-C, smart connector (for folio/keyboard)
Battery: Up to 10 hours on Wi-Fi; up to 9 hours on cellular
Finish: Space grey, starlight, pink, purple, blue
Price: Wi-Fi – Dh2,499 (64GB) / Dh3,099 (256GB); cellular – Dh3,099 (64GB) / Dh3,699 (256GB)
EMIRATES'S%20REVISED%20A350%20DEPLOYMENT%20SCHEDULE
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The specs: 2018 Harley-Davidson Fat Boy
Price, base / as tested Dh97,600
Engine 1,745cc Milwaukee-Eight v-twin engine
Transmission Six-speed gearbox
Power 78hp @ 5,250rpm
Torque 145Nm @ 3,000rpm
Fuel economy, combined 5.0L / 100km (estimate)
match info
Maratha Arabians 138-2
C Lynn 91*, A Lyth 20, B Laughlin 1-15
Team Abu Dhabi 114-3
L Wright 40*, L Malinga 0-13, M McClenaghan 1-17
Maratha Arabians won by 24 runs
Match info
Australia 580
Pakistan 240 and 335
Result: Australia win by an innings and five runs
more from Janine di Giovanni
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