China Invests in Pakistan: A Chinese enterprise delegation met President Asif Ali Zardari right here and expressed curiosity in investing one billion {dollars} to arrange a medical metropolis in Pakistan. This info was given in a media report. Pakistan has sturdy bilateral relations with China, which has supported Pakistan by means of a number of investments and growth tasks.
Among these tasks is the China-Pakistan Economic Corridor (CPEC) challenge, which has been referred to as the ‘lifeline’ for the nation’s economic system. During a assembly with Zardari on Thursday (December 12, 2024), a delegation of Chinese buyers outlined their plans to make investments one billion {dollars} in constructing a medical metropolis in Karachi’s Dhabeji Economic Zone. This financial zone is outdoors Pakistan’s largest metropolis and monetary heart.
Meeting between Sindh authorities and Chinese buyers
The Medical City will be Pakistan’s first absolutely built-in pharmaceutical and medical ecosystem. Korangi Trade and Industry Association (KATI) has been entrusted with the duty of working the Dhabeji Economic Zone. KATI mentioned in a assertion that this promise made by Chinese buyers is an instance of the rising financial relations between the 2 international locations. The assembly was held after profitable talks between the Sindh authorities and a group of Chinese buyers, which was additionally attended by Sindh Chief Minister Syed Murad Ali Shah and Consul General of China.
According to the assertion, President Zardari highlighted the significance of selling deeper financial and commerce cooperation between Pakistan and China.
What is CPEC challenge?
The CPEC challenge between China and Pakistan is price $62 billion, which is being constructed from China’s Kashgar to Pakistan’s Arabian Sea port Gwadar. The predominant focus of CPEC is to develop Gwadar Port. However, India has at all times opposed the CPEC challenge. That’s as a result of this challenge is passing by means of Pakistan occupied Kashmir.
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