Donald Trump-led current US government banned the economic package that Pakistan received, then neighbouring China came forward to help him. Pakistan’s Finance Minister Asad Umar on Tuesday said that China has promised to help high-level assistance in removing the financial problems of the country through an aid package.
On the recently concluded visit of Prime Minister Imran Khan, Omar briefed the media with Foreign Minister Shah Mahmood Qureshi. Both the ministers were part of the delegation to China. Omar said that after the commitment made by China, the issue of Pakistan’s balance of payments has been effectively resolved.
In July this year, American President Donald Trump had accused Pakistan of being tired and asserted that in the past 15 years, he has not given the US anything except ‘lie and deception’ instead of $ 33 billion in aid. Trump also said that Pakistan provided ‘safe havens’ to the terrorists. In the most stringent attack against Pakistan, Trump seemed to indicate that it could stop the assistance given to Pakistan.
Trump had said in a string of terse words: “The US foolishly gave Pakistan more than $ 33 billion in last 15 years and they did not give us anything other than” lies and deception “while thinking our leaders foolish “In his first tweet this year, he said,” He provided safe havens to terrorists against whom we have little help in Afghanistan. Not anymore. ”
Due to the shortage of money, the economy of Pakistan has collapsed. Pakistan’s economic growth has slowed for the first time in the last six years. It is expected to grow at 5.2 percent in this financial year. At the beginning of the year, it was estimated to be 6.2 percent. If economic growth rate weakens, then Pakistan can go back several years. The government has said the economy has an impact on the growth due to fiscal pressure and recession in agriculture and construction sector. Earlier, the IMF also reduced the economic growth forecast to 4.7%.