pakistan wins china investment worth 42bn
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Pakistan wins China investment worth $42bn

Arab Today, arab today

Arab Today, arab today Pakistan wins China investment worth $42bn

China's President Xi Jinping (R)
Beijing - AFP

China on Saturday promised neighbouring Pakistan investment worth $42 billion, an official said, as Islamabad promised to help Beijing fight what it calls a terrorist threat in its far-west.
Pakistan's Prime Minister Nawaz Sharif oversaw the signing of 19 agreements and memorandums mostly centred on the energy sector as he met Chinese President Xi Jinping in Beijing.
Pakistan, a close ally of China, suffers from chronic electricity shortages and Islamabad has long sought investment in coal-fired power stations which it sees as a solution to the problem.
Other countries have balked from such investments, sometimes on environmental grounds.
The new agreements pave the way for Chinese state-owned companies to help build at least four new power stations in Pakistan, while the deals also cover the supply and mining of coal, the prime minister's press office said.
"The deals being signed between China and Pakistan are worth $42 billion. The whole investment is being made by China," said Amir Zamir, spokesman for Pakistan's ministry of planning and development.
"There is no loan or aid for the energy projects, but pure investment by the Chinese," he told AFP.
Pakistan has for decades been China's closest ally in South Asia, and Beijing is a major trading partner and key supplier of military technology to Islamabad.
Pakistan borders the far-western Chinese region of Xinjiang, which has seen a series of clashes and attacks on civilians that have left more than 200 dead in the past year.
Beijing blames some of the region's violence on an organised terrorist group it calls the East Turkestan Islamic Movement (ETIM) seeking independence for the region, home to the mostly-Muslim Uighur minority.
Many analysts doubt that any large scale organisation of the kind exists, while rights groups blame the violence on what they call the repression of Uighur language and culture by Beijing.
Sharif told Xi that Pakistan would "resolutely fight the East Turkestan Islamic Movement terrorist force," China's foreign ministry said in a statement following the meeting in Beijing.
"We stand behind China on all the core issues like Taiwan and Tibet to human rights, the fight against the ETIM," Sharif added within earshot of journalists.
Xi was forced to cancel a planned trip to Pakistan in September due to anti-government protests in Islamabad.
But the Chinese president visited Pakistan's arch-rival India the same month, signing a raft of deals.
Sharif acknowledged that "somehow the circumstances led to the postponement of the visit," adding to Xi: "I believe you will be visiting Pakistan very soon."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

pakistan wins china investment worth 42bn pakistan wins china investment worth 42bn

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

pakistan wins china investment worth 42bn pakistan wins china investment worth 42bn

 



GMT 07:48 2017 Thursday ,16 March

Ashrawi calls for immediate uncinditional

GMT 10:18 2017 Thursday ,28 September

Westwood aims to topple big names at British Masters

GMT 23:13 2017 Tuesday ,14 November

Australians vote in favour of gay marriage

GMT 23:49 2016 Saturday ,30 April

April 20 - May 20

GMT 02:47 2017 Tuesday ,11 July

Deported saudi blogger faces blasphemy charge

GMT 05:34 2017 Tuesday ,10 October

Frankfurt stock market squares off against London

GMT 22:10 2017 Friday ,31 March

April 20 - May 20

GMT 20:54 2016 Monday ,21 November

Sarkozy Admits Defeat in French Presidential Race
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday