China to Invest Over $1 Billion in Pakistan’s Social Development

A team of Chinese experts is visiting Pakistan this week. During this visit, the team is expected to announce an investment of over $1 billion in several social sector development projects in Pakistan.

According to the available sources, the Chinese experts will evaluate the social sector development projects proposed by all provinces including Azad Jammu and Kashmir and Gilgit Baltistan.

The Ministry of Planning and Development has already invited proposals from the provinces in this regard.


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“The ministry has started receiving a list of the projects from provinces, which will be discussed and evaluated by both the Chinese and local experts. The $1 billion investment will be a grant from China under the multi-billion dollar China Pakistan Economic Corridor (CPEC),” said the official sources.

Before the visit of these experts, the Ministry of Planning and Development is due to hold a meeting with all the stakeholders on Feb 25. This meeting will scrutinize the proposals made by the provinces. After the scrutiny, a priority list of the projects will be finalized and then shared with the Chinese team.

The experts are expected to visit Pakistan from Feb 26. During the visit, the Chinese experts will also hold meetings with representatives of provinces and concerned officials to discuss the provincial priorities in the social sector.

Via: Profit



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