Pakistan to receive $1 billion grant from friendly country

Shares
Pakistan to receive $1 billion grant from friendly country

*ISLAMABAD - Pakistan is likely to receive $1 billion grant from China, Minister for Planning and Development Makhdoom Khusro Bakhtiar on Sunday has revealed.*

*He revealed that China would release $1bn grant for less privileged areas in the country.*

Talking to journalists, Khusro Bakhtiar said that the government would take benefit from Chinese model to eliminate poverty from the country. He said that China would also invest in petrochemical sector.

Khusro Bakhtiar said that special economic zones under China-Pakistan Economic Corridor (CPEC) would be made functional soon. He said that the government would take measures to boost agriculture sector and would reduce import.

The minister said that the Prime Minister Imran Khan’s focus was on elimination poverty from the country. He said that the PTI-led government was finalizing Gwadar’s master plan.

Earlier, Planning Minister Khusro Bakhtiar, December 21, had said that efforts were being made to establish Special Economic Zones (SEZs) for economic development in the country.