Money-Strapped Pakistan Gives USD 50 Million Credit score Line To Sri Lanka For Defence

Pak Prime Minister Imran Khan introduced a brand new credit score line of $50 million throughout his go to to Sri Lanka


Money-strapped Pakistan has provided a USD 50 million new credit score line to Sri Lanka to spice up cooperation in defence and safety sectors.

Pakistan Prime Minister Imran Khan introduced the brand new credit score line throughout his two-day go to to the island nation that concluded on Wednesday, based on a joint communique issued by the overseas ministries of the 2 nations.

“Either side expressed satisfaction on the present bilateral cooperation within the discipline of defence and famous that the elevation of staff-level talks to Defence Dialogue has additional supplied a chance to develop safety sector relations. Prime Minister Imran Khan introduced a brand new USD 50 million defence credit score line facility,” the communique mentioned.

The 2 sides burdened the necessity for stronger partnership for supporting and coordinating with one another in coping with issues associated to safety, terrorism, organised crime and drug and narcotic trafficking in addition to intelligence-sharing, it mentioned.

Imran Khan met his Sri Lankan counterpart Mahinda Rajapaksa and President Gotabaya Rajapaksa throughout his go to during which they mentioned areas of widespread curiosity like tourism, agriculture and commerce ties.

“Thanks Prime Minister @PresRajapaksa and the folks of Sri Lanka for a heat welcome and gracious hospitality. Sri Lanka is a particular buddy and robust accomplice. I agree that the cooperative ties between our two nations are poised to develop and strengthen,” Imran Khan mentioned in a tweet.

Imran Khan additionally reiterated Pakistan’s help for the socio-economic growth of Sri Lanka consistent with the imaginative and prescient of a peaceable neighbourhood, Colombo Web page reported.

The 2 nations reached a broad consensus on methods and means to additional strengthen cooperation in a complete method and agreed to carry frequent conferences, promote high-level and delegation-level exchanges, and improve the method of consultations, cooperation and coordination between their respective establishments, the report mentioned.

Pakistan additionally introduced to offer Rs 52 million for the promotion of sports activities in Sri Lanka, based on the communique.

Pakistan additionally introduced 100 scholarships within the discipline of medicines (MBBS and BDS) as a part of the Pakistan-Sri Lanka Greater Schooling Cooperation Programme, the Daybreak reported.

Money-strapped Pakistan’s financial issues have worsened as a result of coronavirus pandemic and Khan’s authorities is arranging funds from world our bodies, together with the Worldwide Financial Fund, to tide over the disaster.
(Apart from the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)

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