Pakistan PM Imran Khan tries to rally support for Chinese investment

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KARACHI (BLOOMBERG) - Pakistan's Prime Minister Imran Khan begins a two-day visit to China on Tuesday (Oct 8) to help rally support for more investment after project spending declined sharply.. Read more at straitstimes.com.

KARACHI - Pakistan's Prime Minister Imran Khan begins a two-day visit to China on Tuesday to help rally support for more investment after project spending declined sharply.

While most of the early projects have now been completed, the second phase of the program has been slow to start. Official data shows foreign direct investment from China plunged 77 per cent to US$461 million in the fiscal year through June from US$2 billion in the previous year. China's ambassador to Pakistan, Mr Yao Jing, recently said the economic corridor projects between the two nations are"running according to our satisfaction and there is no slowdown in it."

Regional security will also be on the agenda, with Mr Khan expected to discuss the situation in Kashmir with Mr Xi before the Chinese leader visits Indian Prime Minister Narendra Modi later this week in the southern state of Tamil Nadu.

 

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