Prime Minister of Pakistan, Imran Khan conducted a two-day visit to Sri Lanka and announced the new credit line.
Pakistan offers 50 mn dollars to Sri Lanka to boost defense.
Pakistan has offered a $50 million new credit line to Sri Lanka to boost cooperation in the defense and security sectors. The new credit line was concluded on Wednesday.
The two sides discussed to enhance partnership for supporting and coordinating with each other in dealing with matters related to security, terrorism, organized crime, and drug and narcotics trafficking as well as intelligence-sharing,
Mr Khan’s visit to Sri Lanka is the first to be undertaken by a Head of Government after the pandemic hit the world. It was the first visit by the Pakistani Prime Minister since the formation of the new governments in both the countries and marked Mr Khan’s return since his cricketing tours to Sri Lanka in 1975 and 1986.
Khan met his Sri Lankan counterpart Mahinda Rajapaksa and President Gotabaya Rajapaksa during his visit in which they discussed areas of common interest like tourism, agriculture, and trade ties.
Khan emphasized Pakistan's support for the socio-economic development of Sri Lanka in line with the vision of a peaceful neighbourhood. The two countries had a broad discussion on ways and means to further strengthen cooperation comprehensively and agreed to hold frequent meetings, promote high-level and delegation-level exchanges, and enhance the process of consultations, cooperation, and coordination between their respective institutions.
Pakistan also announced to provide Rs 52 million for the promotion of sports in Sri Lanka. Pakistan proclaimed 100 scholarships in the field of medicines (MBBS and BDS) as part of the Pakistan-Sri Lanka Higher Education Cooperation Programme.