crown prince: Some observers are quick to compare the Saudi investment with the China-Pakistan Economic Corridor CPEC project under the Belt and Road Initiative BRI . But for Prime Minister Imran Khan, both are welcome, according to Global Times China. We have CPEC. We have links with China. The unprecedented Saudi investment, half of which will support a refinery and petrochemicals complex in the port of Gwadar, is expected to shore up Pakistan's economy hurt by widening current account and fiscal deficits and strengthen trade ties between the two countries. So we welcome Saudi Arabia to participate with us, he said. The corridor includes a network of highways, railways and infrastructure and Gwadar is an important part of it. The crown prince also stressed the potential of the China-Pakistan Economic Corridor which will contribute to the development and prosperity of the region.
(news.financializer.com). As
reported in the news.
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