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China and Pakistan agreed to conduct transactions amounting to $ 10 billion agreement that the agenda be inserted in the course of Chinese Prime Minister Wen Jiabao to South Asia.
ISLAMABAD - China and Pakistan agreed to conduct transactions amounting to $ 10 billion agreement that the agenda be inserted in the course of Chinese Prime Minister Wen Jiabao to South Asia.
Business leaders scheduled to formalize the agreement at the Hotel Marriot, Islamabad, which in 2008 a suicide bomb destroyed the truck, killing 60 people, thus making China added $ 20 billion investment.
The cooperation is carried out to increase trade and investment that have become the main focus of the visit the first time For the past five years by a Chinese premier for a nuclear-armed Muslim nation on the front lines of Al-Qaeda-led war.
Pakistan considers China as the closest ally, and the deal is seen as a very important thing for the economy in crisis, which is due to the brunt of floods that hit this year and slumped because of sluggish foreign investment.
Pakistan Information Minister, Qamar Zaman Kaira said that the countries that signed 13 agreements and memoranda of understanding are engaged in the energy to train, the reconstruction of agriculture, to the culture.
Kaira said China has pledged to finance all of Pakistan's energy projects, referred to as "major breakthrough". Pakistan suffered from a weak energy crisis and generate only 80 percent of the electricity it needs.
"China will provide assistance in 36 projects in Pakistan and will be completed within five years. Basically this is a five-year development plan," Kaira said, quoted by AFP on Saturday (18/12/2010).
Although not specifically mentioned, the talk behind the scenes also hope that China can build nuclear power plants for a one-gigawatt as part of Pakistan plans to produce 8000 megawatts of electricity by 2025 in order to prevent energy shortages.
Pakistan itself depends on the financial and political influence of China in the balance the threat and competition from India, to save its economy from catastrophic flooding and severe slowing down of the energy crisis and foreign investment are poor.
Prime Minister of Pakistan expect that trade will increase to between $ 15 billion-$ 18 billion over the next five years.
By ade.lestarini, okezone.com, Updated: 12/18/2010 11:50 AM
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