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Xi’s letter to Nawaz: China reaffirms support for $46 billion economic corridor

byCustoms Today Report
01/05/2015
in Business
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ISLAMABAD: Chinese President Xi Jinping, in a letter delivered to Prime Minister Nawaz Sharif, has reiterated its dedication towards the multi-billion dollar China-Pakistan Economic Corridor.

According to Radio Pakistan, Chinese Ambassador Sun Weidong delivered the letter to the Prime Minister of Pakistan.

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“Xi Jinping has reaffirmed support to an abiding all-weather bilateral relationship between Pakistan and China, which is characterising the two countries as Iron Brothers,” the letter stated.

The Chinese president who was on a visit to Pakistan last week thanked Prime Minister Nawaz Sharif for the hospitality extended to him and the arrangements made to ensure the success of his visit.

During Xi’s visit, Pakistan and China signed agreements, including a $46 billion economic corridor which involves major construction in some highly unstable areas, the army has assured its personnel would provide security.

The Chinese aid also aims to boost Pakistan’s long-underperforming economy, which the IMF projects will grow 4.3 percent this year, and tackle its long-running energy crisis.

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