Money-strapped Pakistan gives USD 50 million new credit score line to Sri Lanka to spice up defence cooperation

Money-strapped Pakistan has supplied 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, in line with a joint communique issued by the overseas ministries of the 2 international locations.

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

The 2 sides harassed 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 stated.

Khan, who’s the primary head of state to go to Sri Lanka because the COVID-19 pandemic, met his Sri Lankan counterpart Mahinda Rajapaksa and President Gotabaya Rajapaksa throughout his go to through which they mentioned areas of widespread curiosity like tourism, agriculture and commerce ties.

“Thanks Prime Minister @PresRajapaksa and the individuals of Sri Lanka for a heat welcome and gracious hospitality. Sri Lanka is a particular good friend and powerful companion. I agree that the cooperative ties between our two nations are poised to develop and strengthen,” Khan stated in a tweet.

Prime Minister Khan additionally reiterated Pakistan’s help for the socio-economic growth of Sri Lanka according to the imaginative and prescient of a “peaceable neighbourhood,” Colombo Web page reported.

The 2 international locations 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 stated.

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

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

Money-strapped Pakistan’s financial woes have worsened because of the coronavirus pandemic and Khan’s authorities is arranging funds from world our bodies, together with the Worldwide Financial Fund, to tide over the disaster.

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