Pakistan signs nearly $500 million in China deals at Silk Road summit
![Pakistani Prime Minister Nawaz Sharif meets Chinese President Xi Jinping ahead of the Belt and Road Forum in Beijing, China May 13, 2017. REUTERS/Jason Lee](https://www.indoamerican-news.com/wp-content/uploads/2017/05/download-1-2.jpg)
Pakistani Prime Minister Nawaz Sharif meets Chinese President Xi Jinping ahead of the Belt and Road Forum in Beijing, China May 13, 2017. REUTERS/Jason Lee
ISLAMABAD: Pakistan signed new deals with China on Saturday worth nearly $500 million ahead of Beijing’s international forum on its “Silk Road” trade and infrastructure initiative for Asia, Africa and Europe, the Pakistani government said.
The memorandums of understanding add to $57 billion already pledged for the China-Pakistan Economic Corridor(CPEC), a network of rail, road and energy infrastructure that is part of the wider Chinese project also known as the Belt and Road initiative, or One Belt, One Road.
Credit: timesofindia.indiatimes.com