Pakistan signed new deals with China on Saturday worth nearly $500 million ahead of Beijing’s international forum on its “Silk Road” trade and infrastructure initiative for Asia, Africa and Europe, the Pakistani government said. Delegates in Beijing will hold a series of sessions on Sunday to discuss the plan in more detail, including trade and finance. “China-Pakistan Economic Corridor is a core component of your visionary initiative of the “One Belt-One Road,” Sharif told Xi when they met at the Great Hall of China on Saturday, according to the Associated Press of Pakistan. * Agreement on economic and technical cooperation (1.1 billion RMB) ($160 million) for the East Bay Expressway linking Gwadar to Pakistan’s existing highway system. China says that between 2014 and 2016, its businesses signed projects worth $304.9 billion in Belt and Road countries.

Source: Hindustan Times May 13, 2017 15:45 UTC