No ‘debt swap’ talks with Beijing yet, says Bilawal

Published
70

KARACHI: Foreign Minister Bilawal Bhutto-Zardari said on Thursday that Islamabad had so far not requested a restructuring, deferment or swap of debt owed to China in the wake of the catastrophic floods that hit the country.

In pictures: Devastating floods affect millions in Pakistan

Insisting that whenever such a conversation takes place, it would be on Pakis­tan’s own terms, he said that he would like the country to play the role of a bridge between China and the United States, rather exacerbating tensions or “being a geopolitical football”.

“What China does — whether it’s with Sri Lanka or Pakistan — that’s totally China’s decision. Just like it’s 100 per cent America’s decision in either of these circumstances,” he said in an interview with Foreign Policy’s Ravi Agarwal, who pointed out that Beijing “hasn’t quite come to Pakistan’s aid in a big way” after this year’s catastrophic floods and that even Sri Lanka wasn’t able to get much help from China in the wake of an economic crisis.

Bilawal went on to say: “Rather than being a point of competition or a venue for these divisions (between China and the US) to be exacerbated, I would like Pakistan to continue to play a role that we have in the past. Pakistan originally played a bridge between China and the US, resulting in diplomatic relations between the two countries.”

“And right now, particularly when we’re drowning in floods, I don’t want to play any part in exacerbating any tensions or being a geopolitical football,” Dawn.com reported on Thursday.

“In this time of great geopolitical division, I would much rather play the role of a bridge by uniting these two great powers around working together for climate change.”

The foreign minister hoped that “perhaps, Pakistan’s unique position as a friend of both the US and China could encourage cooperation on this front”.

Bilawal’s remarks come against the backdrop of China and the US engaging in a war of words over assistance for debt and flood relief to Pakistan to help it cope with the consequences of this year’s deluges.

On Monday, US State Secretary Antony Blinken had called on Pakistan to seek debt relief from China while reiterating Washington’s support to Islamabad in these challenging times.

The remarks had drawn a censorious response from China, whose foreign ministry spokesperson Wang Wenbin had called out the US for “passing unwarranted criticism against Pakistan-China cooperation” and urged it to do something “real and beneficial” for the people of Pakistan.

Talking about the history of China-Pakisan ties, he recalled that Islamabad had offered its hand in friendship to Beijing when no one else did. “Now, everybody wants to be friends with China,” he commented, as he went on to elaborate on how China had come to Pakistan’s help in recent times.

Later, in a news conference on Thursday, the foreign minister said that while India and Pakistan should also cooperate to resist climate change.

“Our neighbor is concerned with all the caveats that we have already given. So, in principle, we should cooperate on climate change. Our people are facing the consequences. We should all work together.”

“We should have the moral strength to say that on climate change we should cooperate with India, if we do not work together now, it will affect the entire region, the entire world. We will not have the world that we live in,” he said.

When asked to comment on Secretary Blinken’s statement regarding seeking debt relief from China, the minister said that so far, Islamabad had not made any request for debt-restructuring, deferment or swap. “If we have a conversation with China, it should be between Pakistan and China alone, no one else needs to interfere. Engagement with China should continue. Whenever we have this conversation, it will be between us and China. I hope that it does not become a victim of geopolitics.”

Anwar Iqbal in Washington also contributed to this report

Published in Dawn, September 30th, 2022

Opinion

Editorial

Kashmir unresolved
Updated 30 Sep, 2026

Kashmir unresolved

The just solution lies in India addressing the issue through a trilateral dialogue involving the legitimate representatives of the Kashmiri people and Pakistan.
Water shortage
30 Sep, 2026

Water shortage

THAT the country is entering the Rabi season with an anticipated water shortage of nearly 25pc, the lowest carryover...
Young hearts
30 Sep, 2026

Young hearts

THE observance may have passed, but the message of World Heart Day should not fade with it. The occasion is a useful...
Terror and politics
Updated 29 Sep, 2026

Terror and politics

There is an urgent need to tone down the rhetoric and tackle terrorism as a collective challenge for both the affected provinces and the federation.
Watching the glaciers
29 Sep, 2026

Watching the glaciers

THE latest signs from Pakistan’s mountains are worrying. Suparco says the number of unfrozen glacial lakes it...
Dangerous agenda
29 Sep, 2026

Dangerous agenda

AS the world remains fixated on the US-Iran conflict, elsewhere in the Middle East, Israel is consolidating its grip...