CPEC: Pakistan expecting $42 billion further investment from China

CPEC: Pakistan expecting $42 billion further investment from China
Shares

*ISLAMABAD - Information Minister Fawad Chaudhry has said that Pakistan is anticipating another additional $42 billion in terms of investment from China under CPEC .*

Speaking to a private news channel, the information minister brushed off the opposition’s accusations against the government of ‘weakening’ CPEC project. “We have decided to expand CPEC , one of the ways to achieve it if other countries invest in the project. We are anticipating another additional $42bn in terms of investment from China,” said Chaudhry.

The investment would be utilized in providing expertise, building industrial zones, Gwadar port development and different power and infrastructure projects, informed the minister.

The opposition lawmakers in Senate accused on Monday the government of trying to ‘weaken’ the China-Pakistan Economic Corridor (CPEC) and asked why the Parliament was not taken into confidence prior to offering a third country to join the multibillion dollar project.

“It appears – one feels as the incumbent government is rethinking CPEC programs and if media reports are juxtaposed with the statements from the Foreign Office, an impression is emerging that efforts are underway to dilute the project,” claimed Pakistan Peoples Party Senator Raza Rabbani .

More from this category