Tuesday, July 28, 2020

Pakistan largest recipient of Chinese investment in FY20

By Masood Sattar Khan
(Pakistan News & Features Services)

Pakistan happened to the largest recipient of Chinese investment in the financial year ’20, it emerged on July 28. 

China had invested an amount of USD 855.6 million in a period of 11 months of FY20, according to the details revealed by a Chinese website. 

These investments mainly poured in the power sector under the China Pakistan Economic Corridor (CPEC), the website further disclosed. 

Meanwhile, the Pakistan government has decided to invite international tenders for Sukkur-Hyderabad motorway (M-6), a critical part of CPEC. 

The tenders are expected to be floated on July 31, the website reported, having quoted the Chairman of the National Highway Authority (NHA), Captain (rtd) Sikandar Qayyum.

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