- Friday, April 19, 2024
By: Eastern Eye Staff
Chinese companies are in talks to snap up more businesses and land in Pakistan after sealing two major deals in recent months. The development is a sign of deepening ties after Beijing vowed to plough $57 billion (£46bn) into a new trade route across the south Asian nation. A dozen executives from some of Pakistan’s biggest firms said Chinese companies were looking mainly at the cement, steel, energy and textile sectors, considered the backbone of Pakistan’s $270bn (£216bn) economy. Analysts say the interest shows that Chinese firms are using Beijing’s “One Belt, One Road” project – a global trade network…
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