More than three quarters of $46 billion of planned Chinese-led investment in Pakistan will be implemented by next year as part of the world’s second-largest economy’s flagship Silk Road plan. “Out of this $46 billion, we have been so far able to energize about $35 billion,” Pakistan’s Planning, Development and Reforms Minister Ahsan Iqbal said in an interview in London, Bloomberg reports. Pakistan’s Prime Minister Nawaz Sharif is seeking to boost growth to the highest in about a decade after China announced its investment plans in the nation of about 190 million people last year. It’s part of an initiative the Chinese government calls “One Belt, One Road” that aims to revive trade across Central Asia and into Europe via a network of railways, ports and highways.
China Economic Review