NOWSHERA: Federal Minister for Defence Pervez Khattak on Saturday said that the upcoming budget would be tax-free and people-friendly as it was Prime Minister Imran Khan’s desire toprovide.
China to increase investments in Pakistan amid changing geopolitics ANI | Updated: May 30, 2021 13:37 IST
Washington [US], May 30 (ANI): China has offered to substantially increase its investments in Pakistan following a period in which it had stopped spending money left and right due to reported corruption in both the countries, according to a media report.
The decision was made to boost the morale of Islamabad in view of prevailing international situation, reported the Frontier Post.
Beijing has offered to increase the size of its carrot meaning investments and loans to Islamabad, the publication reported citing a source in China.
The offer to increase its financial assistance, however, comes with a caveat that China expects Pakistan to take a bold stand to with regard to its policies with the United States.
Islamabad [Pakistan], May 30 (ANI): Bankrupt Pakistan's debt problems seem to be escalating as it is all weather-ally China has declined to restructure USD 3 billion in liabilities.