Chinese president Xi Jinping is due in Pakistan on Monday where he will launch $46 billion in projects linking the old allies, a figure that far exceeds U.S. spending in Pakistan and underscores China's projection of power in Asia.
Nawaz Sharif
Breaking News
South Asian leaders will pile pressure on Pakistan on Thursday to salvage a summit in Nepal by agreeing to electricity sharing and the free movement of vehicles across borders, measures aimed at boosting trade among nearly a quarter of the world's people.
The Chinese government and banks will finance Chinese companies to build $45.6 billion worth of energy and infrastructure projects in Pakistan over the next six years, according to new details of the deal seen by Reuters on Friday.
Pakistan's parliament threw its weight behind embattled Prime Minister Nawaz Sharif on Tuesday as a deepening crisis over violent protests demanding his resignation prompted fears of an army intervention.
Shandong, China-based cotton and yarn manufacturer Shandong Ruyi Technology Group Co Ltd will invest $2 billion in the energy and textile sectors of Pakistan over the next two years.
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