China, Pakistan ink economic corridor deal

China and Pakistan on Tuesday inked a deal in the Pakistani capital Islamabad, marking the startup of a highway linking Pakistan’s Karachi to Lahore.
It has been in the pipeline for years…
Now a grand highway linking Pakistan’s Karachi to Lahore, one of the biggest China-Pakistan Economic Corridor projects, will be in full wing of construction.
The 2.9 billion-U.S. dollar highway, spanning nearly 400 kilometers, is estimated to be finished within three years.
The China-Pakistan Economic Corridor, a 3,000-km network of roads, railways and pipelines, links Kashgar in northwest China’s Xinjiang Uygur Autonomous Region and southwest Pakistan’s Gwadar Port.
Also as a major project of China’s “Belt and Road” initiative, the project is expected to help shore up Pakistan’s crumbling infrastructure and give impetus to the local economy.

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