on Tuesday sought a nine billion dollar loan from China to finance road and infrastructure projects under the China-Pakistan Economic Corridor (CPEC).
At the conclusion of the ninth Joint Cooperation Committee (JCC) meeting of CPEC here, the two sides approved Gwadar Smart City Master Plan and signed two memoranda of understanding (MoUs) for cooperation in the field of health and trade, Dawn reported.
They also inaugurated the 392 km Multan-Sukkur Motorway completed with a funding worth (Pakistani Rupee) Rs. 294 billion from China.
The JCC was co-chaired by Pakistan's Planning Minister Makhdum Khusro Bakhtyar and China's National Development and Reform Commission (NDRC) Vice Chairman Ning Jizhe.The Committee formed a joint group to formally engage in project financing arrangements on Main Railway Line (ML-1), said Bakhtyar, adding that the groundbreaking ceremony for the multi-billion dollar plan was targeted within the next six mo…