ISLAMABAD: Prominent Islamabad based analysts have termed the visit of President Pervez Musharraf as insignificant and a total failure, saying nothing significant has been achieved from this visit. “President Musharraf’s visit to China has failed to get any substantial significance due to absence of economic representative in his delegation,” former Foreign Secretary of Pakistan, Tanvir Ahmad Khan said.
President Musharraf held a meeting with Chinese Premier Wen Jiabao on Sunday but the body language of both the leaders showed the talks were not that warm and fruitful as such parleys are held in a traditional warm and intimate way. President Musharraf is visiting China with a high level delegation but his entourage include no notable financial experts.
Although Pakistan and China are cooperating each other in defence and economic sectors, but the balance of trade has been always in favour of China. Tanvir Ahmad Khan observed that in absence of economic representative in the delegation, this visit has failed to get substantial significance. “The economic situation is not yet clear so far. But, it is feared that tall claims of former Prime Minister Shaukat Aziz for revamping the economy probably proved wrong,” he maintained
Trade deficit has been increased to 19 billion dollars which is a setback for the economy of Pakistan, he said. “Hike in oil prices cast a negative impact on the economy of Pakistan. At present, Pakistan needs a friendly cooperation. In this context, Pakistan is seeking towards Saudi Arabia and China. Pakistan wants China to deposit money in Pakistani banks to stabilize its economy,” Khan added.-SANA