The last rescue of the IMF of Pakistan could not support China: PM Shehbaz

• 300 graduates to go to China for 3 months training in the first phase.
• 400 to undergo a 6 -month program in the second phase of the initiative.
• PM encourages graduates to bring techniques to enhance acres.

Islamabad: Enhancing the importance of Pakistan-China’s friendship, Prime Minister Shehbaz Sharif on Wednesday believed Beijing for the Islamabad International Monetary Fund program, saying that the neighboring country would not be supported.

The Prime Minister’s observations-which took place during a ceremony held in relation to the prime minister’s initiative to build a capacity of 1,000 Georgia graduates in China-came in the context of last month’s agreement between Islamabad and the IMF during the first review of the current program.

Following the approval of the IMF Executive Council, Pakistan will have access to about $ 1 billion under the EFF, bringing total disbursements under the program to about $ 2 billion.

The lender’s body will examine the approval of approximately $ 2.3 billion over a six-week period with the expectations that Islamabad will be able to secure the loan amount in the first week of 2025, before the upcoming budget for the financial year 2025-26.

The global lender had also announced a new 28-month deal-waiting for the approval of the Board of Directors, Pakistan can unlock $ 1.3 billion under a climate-resistant loan that covers 28 months.

The prime minister, in today’s speech, stressed that China was one of the most sincere friends who always stood in difficult days.

Repeating his commitment to transform the agriculture sector, Prime Minister Shehbaz described as essential to the achievement of sustainable economic growth and emphasized that the boost of the country’s farm backbone would help ensure food security, reinforcement of exports.

“We need to focus on important agricultural practices, the management of digitized crops and the development of climate seeds,” the prime minister said, stressing the urgent need to revive and modernize the country’s agricultural research institutions.

It is advisable to know that according to the initiative, 300 selected graduates are sent to China for a three -month training program during the first phase.

In the second phase, 400 graduates will undergo a six -month training program, followed by the other 300 graduates who will participate in a three -month training program in the final phase.

Facing the event, the prime minister congratulates the 300 new graduates who were to fly to China for training in agriculture techniques and equipped with knowledge. He hopes that after returning to Pakistan, they will contribute to the agricultural economy.

Recalling his last visit to China, Prime Minister Shehbaz said he was very inspired by the research project in various fields of the agricultural sector during his visit to Chinese universities.

“I then decided to send 1,000 new Pakistani AGRI graduates to benefit from this great experience,” he noted.

His regret that the first two attempts to send graduates to China failed due to the fact that the selection process was not up to the signal, he said he wanted to choose young talents that were the hopes of the nation.

“In the first and second attempt, the overwhelming majority of selected graduates were government officials who were excessive,” the prime minister said, adding that he ordered to develop an electronic portal to receive applications to ensure that the selection process was completed.

“Now I am glad to see the whole process is completed with transparency and clearly in value,” he added.

He said graduates from all over Pakistan, including those of Azad Jammu and Kashmir (AJK) and Gilgit-Baltistan, were included in the process while the backed quota increased by 10%.

It advises graduates to work hard during their training in China and to bring modern techniques and experiences to enhance crops of particular cotton and other crops per acre.

The prime minister said the government was planning to provide subsidized loans to farmers to start their entrepreneurship with the aim of promoting the addition of value of various fruits and vegetables.

Minister of National Food and Research Rana Tanveer Hussain said that under the leadership of Prime Minister Shehbaz, the government is making efforts to increase productivity in the fields of agriculture and animals.

He stressed that the government spent more than RS3 billions to provide new rural graduates with first -hand experience and experience from China.

He expressed the hope that these graduates would effectively apply their skills and knowledge to return home.

China’s ambassador to Pakistan Jiang Zaidong said he was very inspired by Pakistan’s government’s performance in the last year during which the country’s macroeconomic indicators had improved significantly.

He said the Chinese government was ready to work with Pakistan to promote bilateral relations, especially in the field of agriculture.

He stressed that President XI has always paid great importance to their relationship with neighboring countries.

Underneath the Chinese Pakistani runway (CPEC), he said that China had made an immediate investment of about $ 35.4 billion, reflecting the strong relationship between the two countries.