Business

ISLAMABAD (Online) – Different companies of Pakistan and China have signed 20 memorandum of understandings (MoUs) worth $2 billion in different sectors, as part of the China Pakistan Economic Corridor (CPEC).


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An association of 35 Chinese companies has been established to encourage companies to invest in the CPEC project.

Federal Minister for Planning and Development Ahsan Iqbal, senators Mushahid Hussain Syed, Hasil Bizenjo, Afrasiab Khattak, Nuzhat Saddiq, Nawabzada Saifullah Magsi and Balochistan Minister for Planning Hamid Khan Achakzai witnessed the MoUs ceremony.

Meanwhile, a two days historic convention of the CPEC Karamay-Xinjiang Forum ended with a declaration to focus on enhancing cooperation between the two countries in diversified fields.