Pakistan offers $50M credit line to Sri Lanka for defence cooperation

Pakistan Foreign Minister Shah Mahmood Qureshi has said that defence and security cooperation to end the menace of terrorism are of equal importance to both Pakistan and Sri Lanka

Feb 24, 2021
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Pakistan Foreign Minister Shah Mahmood Qureshi has said that defence and security cooperation to end the menace of terrorism are of equal importance to both Pakistan and Sri Lanka.

He said that Pakistan has offered Sri Lanka a credit line of $50 million in this regard, Geotv reported.

Qureshi along with Prime Minister Imran Khan are on a two-day official visit to Sri Lanka.

Sri Lankan Foreign Minister Dinesh Gunwardena has said that Imran Khan's visit will help strengthen bilateral ties and cooperation.

Qureshi said Pakistan is standing side by side with Sri Lanka as a partner for the development of human resources, security cooperation, fighting terrorism, development and prosperity.

Qureshi said Pakistan has transformed its geo-political priorities into geo-economic priorities.

He said views were exchanged on the enhancement of bilateral trade and investment with Sri Lanka.

We have decided to give 100 scholarships to Sri Lankan students in top medical institutes of Pakistan, Qureshi said.

 Imran Khan has said that the country could strengthen its connectivity up to the Central Asian States by benefiting from the China Pakistan Economic Corridor (CPEC) project.

Addressing a joint press conference with his Sri Lankan counterpart Mahinda Rajapaksa here after holding one-on-one and delegation-level talks, he said: "My visit is aimed at strengthening the bilateral relationship with Sri Lanka, especially trade and economic ties through enhanced connectivity."

The one-on-one meeting between the two prime ministers was followed by delegation-level talks between the two sides.

(IANS)

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