divya
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ISLAMABAD: China and Pakistan concluded nearly $15 billion worth of deals on Saturday , as Chinese premier Wen Jiabao said Beijing would "never give up" on the troubled nuclear-armed Muslim country.
Business leaders formalised paperwork — adding to the 20 billion dollars' worth of deals signed Friday — under blanket security at Islamabad's Marriott Hotel.
Boosting trade and investment with povertystricken Pakistan have been the main focus of the first visit in five years by a Chinese premier to the country that is on the front line of the US-led war on Al-Qaeda .
Pakistan regards China as its closest ally and considers the deals incredibly important to a moribund economy which was dealt a massive blow by catastrophic flooding this year and suffers from sluggish Western investment.
"We signed 18 agreements today worth close to 15 billion dollars," said Sultan Ahmad Chawla, president of Pakistan's chamber of commerce and industry. AFP
Read more: China says won't give up on Pak, signs $35 bn worth deals - The Times of India http://timesofindia.indiatimes.com/...h-deals/articleshow/7126085.cms#ixzz18WCWiTby
Business leaders formalised paperwork — adding to the 20 billion dollars' worth of deals signed Friday — under blanket security at Islamabad's Marriott Hotel.
Boosting trade and investment with povertystricken Pakistan have been the main focus of the first visit in five years by a Chinese premier to the country that is on the front line of the US-led war on Al-Qaeda .
Pakistan regards China as its closest ally and considers the deals incredibly important to a moribund economy which was dealt a massive blow by catastrophic flooding this year and suffers from sluggish Western investment.
"We signed 18 agreements today worth close to 15 billion dollars," said Sultan Ahmad Chawla, president of Pakistan's chamber of commerce and industry. AFP
Read more: China says won't give up on Pak, signs $35 bn worth deals - The Times of India http://timesofindia.indiatimes.com/...h-deals/articleshow/7126085.cms#ixzz18WCWiTby