Abb Takk News

Size to investment projects under CPEC increased to $55bn: Ahsan Iqbal

ISLAMABAD: Federal Minister for Planning and Development Ahsan Iqbal has said the size of investment projects under China-Pakistan Economic Corridor has increased to $55billion from the initial $46 billion dollar.

In an interview with Wall Street Journal, the minister said that CPEC will transform Pakistan’s economy by boosting investments in energy and infrastructure projects.

To a question, the Minister said Pakistan will be in a comfortable position to handle repayment of Chinese soft loans to the government and businesses.

He said the investment is being made directly into sectors, which are going to increase our growth potential and repatriations related to power projects could be substantial.