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China, Pakistan ink 20 pacts, boost ties

Beijing: “Iron friends” China and Pakistan today inked 20 agreements amounting to Chinese investment reportedly worth about USD 46 billion, as Prime Minister Nawaz Sharif held wide-ranging talks with the leadership here.Sharif, who is here

PTI PTI Updated on: November 08, 2014 16:17 IST

China looks to play a bigger role in Afghanistan in the aftermath of the US troops withdrawal.

Sharif said Pakistan will strengthen cooperation with China in building infrastructure and crackdown on terrorist forces such as the East Turkistan Islamic Movement (ETIM), which is blamed for terrorist attacks in Xinjiang bordering Pakistan-occupied Kashmir (POK).

China has been pressing Pakistan to crackdown on ETIM militants.

During Sharif's meeting with Li, the two sides signed 20 agreements, the report said.

The agreements signed during Sharif's visit according to Pakistan's Minister for Planning, Development and Reform Ahsan Iqbal are worth about USD 46 billion.

Of this USD 35 billion worth of agreements are related to energy development projects to boost power in Pakistan and the rest to develop the infrastructure projects, he told Radio Pakistan.  

“I am going to China to save my people from one more load-shedding-ridden summer,” Sharif said ahead of his departure to China.  

The agreements signed today include solar power production at Quaid-e Azam Solar Park, easy loan for laying optic fibre cables between the two countries, mining of 65,00,000 metric tonnes of coal in Block-2 of Thar, 870 MW Suki Kinari Hydropower project, 1320 MW coal power project in Sahiwal, and an MoU for 100 MW Jhimpir wind power project.An agreement was also signed to establish an Industrial Park in Faisalabad.

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