CHINA President Xi Jinping to visit PAKISTAN -THE VISIT MAY BOOST PAK ECONOMY

China President Xi Jinping  will visit Pakistan on 20th April,2015  where he is to announce a major investment announcement

The focus of the spending is on building a China-Pakistan Economic Corridor (CPEC), running from Gwadar in Pakistan’s Balochistan province to China’s western Xinjiang region.

The projects will give China direct access to the Indian Ocean and beyond, marking a major advance in its plans to boost its economic influence in central and south Asia.

A $44m optical fibre cable between the two countries is also due to be built.

Mr Xi will spend two days holding talks with his counterpart Mamnoon Hussain, Prime Minister Nawaz Sharif and other ministers. He will address parliament on Tuesday.

Pakistan, meanwhile, hopes the investment will enable it to transform itself into a regional economic hub.

Courtesy:Agencies