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Pakistan's immediate balance of payments crisis is over: finance minister
Finance Minister Asad Umar on Tuesday claimed that Pakistan's "balance of payments crisis is over" and assured that China is committed to providing short-term relief to Pakistan as well — the modalities of which, he said, will be discussed in a new round of discussions in Beijing on Friday.
"The long-term solution to the balance of payments crisis is to increase our exports, and to do that we should have enough income so that we do not need to borrow," Umar, who was a part of the Prime Minister Imran Khan-led delegation that visited China recently, explained during a press conference today. "In this regard, we have received a commitment from the highest level.