Islamabad [Pakistan], November 3 (ANI): Pakistan and China inked a deal to develop Sindh and Hubei as sister provinces in an attempt to encourage cooperation in diverse fields, at a time when the former's loan portfolio is about 95 per cent of its GDP, reported local media

The agreement was signed in Wuhan during a meeting between Moin-ul-Haque, Pakistan's Ambassador to China and Wang Zhonglin, Governor of Hubei Provincial People's Government, reported ARY News.

Also Read | Accident in Pakistan: 22 Killed, 8 Injured After Bus Falls into Ravine in PoK.

The deal aims to encourage cooperation in education, science and technology, as well as technical and vocational training.

Moin appreciated the Hubei governor for his assistance in Beijing-Islamabad ties.

Also Read | Fact Check: 500 Tonnes of Somali Bananas Arrive in Abu Dhabi’s Market Contain ‘Helicobacter’ Worm? UAE Authority Terms Viral Video False And Misleading.

Governor Wang said that Beijing and Islamabad are "all-weather strategic cooperative" partners.

The deal comes at a time when Pakistan is facing the brunt of high prices of oil and everyday commodities and rising food inflation, triggering opposition parties and people to protest against the Imran government, said Geo News.

Currently, Pakistan's trade deficit is a serious danger that will directly and adversely affect the current account deficit. And the International Monetary Fund (IMF) programme's uncertainty poses another serious threat.

The loan portfolio of Pakistan is another sensitive area as the country's borrowings are about 95 per cent of the GDP, according to Geo News. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)