China's investment in its ambitious economic corridor project in Pakistan has reached USD 62 billion, jumping more than 34 per cent from its initial investment of USD 46 billion, a top Pakistani official said today.
Sindh province Governor Mohammad Zubair said China's approved financing for several projects in Pakistan under the China-Pakistan Economic Corridor has reached USD 62 billion.
He made the remarks at a conference on 'Infrastructure demand and financing' jointly organised by credit rating agencies Pacra (Pakistan) and Dagong (China) in Karachi.
"New investment has been approved for projects in various sectors including [establishment of] industrial zones," said Zubair.
He said that the government was also in talks with China to place the Karachi Circular Railway project under the CPEC.
CPEC project will link the Pakistani city of Gwadar to China's Xinjiang via a vast network of highways and railways. PTI