Pakistan has received $13 billion in the form of infrastructuralinvestments and will collect another $12 billion under the China-PakistanEconomic Corridor (CPEC), as revealed by the Chairman of the CPECAuthority, Lt. Gen. (Retd.) Asim Saleem Bajwa, while discussing the newdevelopment with reporters at the Challenge Textile Factory on theLahore-Multan Road.

He also mentioned that the visa period of the Chinese investors will beincreased to 24 months, subject to an official announcement from PrimeMinister Imran Khan.——————————

Upon observing the progress at the Challenge Textile Factory, the Chairmanstated,

My purpose of coming here was just to provide all the infrastructure forChinese investment and to address the lack of facilities.

While lauding China for its contributions under the CPEC initiatives, heremarked that Pakistan’s economy will have an evolutionary change with allthe investments coming in.

Bajwa later mentioned Gwadar as the epitome of successful investments underthe CPEC vision and added that the required infrastructure to set upstate-of-the-art facilities has been incorporated into the city’slogistical mainframe which has removed the previous delivery problems thatthe country’s supply chain had been facing.——————————

On a similar note, a Pakistani businessman, Qamar Bobby, who had broughtChinese investment to the country, was quoted by reporters as saying thatPakistan will continue to receive more financial kitty from China. He addedthat this progress will help to stabilize the Pakistani Rupee (PKR) againstthe American dollar (USD) in the near future.