ISLAMABAD: Minister for Planning Khusro Bakhtiar said that China has decided to invest $10 billion in Pakistan’s oil and gas sector and $4 billion in local steel sector through projects under the China-Pakistan Economic Corridor.
The minister was addressing the third annual conference on the CPEC Consortium of Universities in Islamabad.
Bakhtiar said China had broadened bilateral cooperation in socio-economic development, agriculture, infrastructure, and energy sectors. The Chinese government also offered 20,000 scholarships for Pakistani students in Chinese universities, he added.
A $9 billion project has also been approved by the Chinese government for a railway line from Karachi to Peshawar.
Yao Jing, China’s ambassador to Pakistan, told the participants that CPEC was providing a platform to connect the two countries and peoples.
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