May 08, 2023 03:05 PM
ECONOMY
China’s Belt and Road to Enter Afghanistan
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The cash-strapped Taliban government has expressed readiness to participate in the China-Pakistan Economic Corridor and the prospect of getting much needed infrastructure investment. Photo: Bloomberg
(Bloomberg) — The Taliban agreed with China and Pakistan to extend the Belt and Road Initiative to Afghanistan, potentially drawing in billions of dollars to fund infrastructure projects in the sanctions-hit country.
Chinese Foreign Minister Qin Gang and his Pakistani counterpart Bilawal Bhutto Zardari met in Islamabad on Saturday and pledged to work together on Afghanistan’s reconstruction process including taking the $60 billion China-Pakistan Economic Corridor to the Taliban-ruled nation.
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