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Monday 27th June 2022 / 27 Zulkaedah 1443

China to invest $10 billion in oil, gas sector: Bakhtiar

China to invest $10 billion in oil, gas sector: Minister

China to invest $10 billion in oil, gas sector: Minister

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.

Also read: Shahid Khaqan receives parole on humanitarian grounds

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