Huawei to Build China-Pakistan Link as Sharif Woos Investors
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China and Pakistan signed a deal to build a $44 million fiber-optic cable connecting their border region with the Pakistani military garrison city of Rawalpindi, and agreed to explore a strategic transport corridor.
The pacts were the highlights of talks between Pakistani and Chinese officials in Beijing as visiting Prime Minister Nawaz Sharif seeks to secure the investment his new government needs to repair a shattered economy. In a shot in the arm for Sharif, Pakistan and the International Monetary Fund yesterday agreed a $5.3 billion loan to boost the country’s depleted currency reserves.