China hikes investment in CPEC to $62bn from $55bn
The additional financing is for infrastructure projects and industrial zones in Pakistan under CPEC.
The volume of China's investment in Pakistan would be significantly higher than $62 billion if its private sector investment is also counted.
China's initial investment for CPEC in Pakistan was $46 billion in 2015; that number has been steadily going up with increasing investments required in Pakistan's infrastructure and power projects.
A major chunk of the multibillion-dollar investment, $34 billion, is going into electricity production and distribution. ■