ISLAMABAD - Pakistan would have to knock the door of International Monetary Fund (IMF), if it could not get much-needed financial assistance from other world donor agencies and Friends of Pakistan during next month and a half, says Shaukat Tarin, Advisor to Prime Minister on Finance.    "We cannot wait any longer...Pakistan must show action in 30 days time," said the Advisor during a joint Press conference with Foreign Minister Shah Mahmood Qureshi here on Saturday after visiting China. The Foreign Minister said China would help Pakistan build two more nuclear power plants, Chasma 3 and 4, with 680 megawatts power capacity. The total cost of these projects is estimated Rs 140 billion. On a question, Qureshi said Pak-China civil nuclear cooperation was an ongoing process and China recognised Pakistan needs. He said security of Chinese investors would be the priority of Pakistan. To a question on seeking Nuclear Suppliers Groups (NSG) confirmation for expansion of civilian nuclear programme, the Foreign Minister said Pakistan and China had a strategic partnership and had been cooperating in the civil nuclear field for a long time. He said Pakistan is a responsible state and is cognizant of its international obligations. Pakistan and China had cooperated in civil nuclear field under 'difficult circumstances' in the past and would continue to do so in the future, he added. Tarin said the IMF would sit in Dubai within 10 days and if it endorsed Pakistan's proposed plan, then the country could get financial assistance from the Fund on its own conditions as back-up. Pakistan is passing through the worst balance of payments crisis. The current account deficit, gap between foreign receipts and expenditure, has widened to $3.9 billion in just three months of the current fiscal year. The net foreign investment dipped by 9.7 per cent in the first quarter and the central bank is only left with $4.7 billion, which can hardly support one-and-a-half-month imports in the backdrop of fast devaluing rupee which was traded at 1$=Rs87 in the open market. The Advisor said the rupee was falling because of reserves were eroding fast and, he added, when inflows would start coming in, rupee would be stable. He said the issue of Saudi oil facility worth $5 billion will be settled in next month and added Pakistan was not going to default on Sukuk bond, which will mature in February 2009. "We can arrange up to $5 billion immediately but we also have to look what we want," he added.     The newly-appointed Advisor was confident that Pakistan had a viable plan to work through its problems. He said under the Plan A, Pakistan was hopeful  to get aid from the International Financial Institutions and if that could not work, then it would turn to Plan B, envisaging assistance from the Friends of Pakistan, which were going to meet in mid-November in Abu Dhabi, UAE.   If both the plans could not deliver, then 'Pakistan would get aid from the IMF on its own conditions as a back-up', he added. The IMF estimates Pakistan's financing gap at $4.5 billion, and Pakistan projects it at $3 to 3.5 billion. Tarin said he planned to bridge balance of payments gap mainly through other multilateral lenders, the Asian Development Bank (ADB), the World Bank (WB) and the Islamic Development Bank (IDB) on upfront basis. The WB is to provide $1.4 billion but it is looking for certain guarantees. The ADB will extend a second installment of $500 million before June on fulfilment of certain promises. The Finance Ministry is working to get this money as early as possible to ease pressure on the external front. Tarin said Pakistan would also float workers remittances bond worth $1.5 to 2 billion. "We think we will be in a very good shape within next 30 to 60 days." The Foreign Minister termed President Zardar's China visit 'very successful', as Pakistan achieved 'all the goals'. Qureshi said that President Zardari had decided to visit China after every three months with an aim of giving new dimensions to Sino-Pak friendship, promote economic integration, optimally utilise economic opportunities, enhance connectivity and promote trans-regional economic cooperation. Tarin said China also promised to bring in an investment of $1 billion before June 2009. Qureshi said China's top four banks' heads would visit Pakistan very soon. The Chinese banks would also open branches in Pakistan. In addition, the heads of information technology, telecom, mineral and energy departments would shortly be coming in Pakistan.  He said China assured to support Friends of Pakistan forum. The Chinese companies will invest in Diamer-Bhasha Dam of $11 billion and Kohla hydel project worth $1.2 billion. He said the cooperation in the areas of telecommunication, scientific and agriculture research and mineral sector would greatly help Pakistan. "Both the countries realised that the economic relations unlike political relations do not depict the depth of cooperation and understanding", he added. He said both the countries decided to broaden economic relations by implementation of five-years development plan on fast track basis. He said both the countries decided to have Free Trade Agreement in services very soon. The volume of bilateral trade will be increased to $15 billion by 2011. He said Joint Economics Committee meeting would be held very soon and the Inter-Ministerial Committee will be established under the Chair of President Asif Zardari. The Committee will meet every month to review progress on MoUs already signed and removed bottlenecks in their implementation. The Chinese Ambassador to Pakistan will also participate. Tarin said, "We have to stand on our own feet in two years time and it means we need to restore macroeconomic indicators. "We need to contain fiscal deficit and unnecessary government expenditure will be cut". He also emphasized on improving tax and non-tax collection, "Tax-to-GDP ratio will have to increase to 15 per cent of GDP from the world's lowest 10.5 per cent", he added. Setting out his priorities, the advisor said the government would expand social safety net to 30 per cent of the total households. He said from seven million households one person will be picked up and provide vocational training. The government will provide medical insurance to vulnerable people from Rs 15000-20000 per year, he added.   He said his second priority would the agriculture sector. The manufacturing and trade will be diversified to increase exports and human resources development would be given special priority, he added. Commenting on Richard Boucher, Assistant Secretary of States for South and Central Asian Affairs, visit to Pakistan, Qureshi said the US was an important player in world politics. "We are not putting all our eggs in one basket and we are not just confined to China", he added. The Foreign Minister said Iran had decided not to wait for India and ready to make Iran-Pakistan-India gas pipeline project a bilateral venture. "We welcome India but if its not making decision then we will go on bilateral mode". He said China was also welcomed either to become a party or invest in US $ 7 billion mega project. He said Pakistan would not compromise on water issue and India assured to respect Indus Water Treaty.