Talks held with China for relief package: Asad Umar

Finance Minister Asad Umar said on Monday that talks were held with China for a relief package and the two sides agreed on continuing discussions in this regard.

Speaking with Geo News, Umar added that figures published about the possible package in some foreign media are mere speculation.

Foreign media is spreading fake news to sour relations between the two countries, he said.

"Not only on a financial package, talks are also being held with China on long-term partnership and investment," the finance minister said.

Commenting on Pak-China relationship, Umar said trade between the two countries is currently one-way and CPEC should be economic cooperation in its true sense.

"We want to change the relationship from taking loans and aid to emphasising on trade, industry and agriculture," he said.

Umar added that government is in talks with not one but multiple friendly countries for long-standing partnerships and investment.