China to invest $10 billion in oil and gas sector: Khusro

China has decided to invest $10 billion in oil and gas, $4 billion in local manufacturing and steel sector and $9 billion have been approved for ML-I railway project under the China-Pakistan Economic Corridor (CPEC), according to Minister for Planning, Development, and Reform, Khusro Bakhtyar. The government has taken several important decisions that paved the way for the finalization of the Gwadar master plan and preliminary design of the ML-1 project, operationalization of Gwadar Port and free zone.

Apart from that, Chinese government is investing $1 billion in the socio-economic sector in two years including cooperation in higher education along with that 20,000 scholarships have been offered for Pakistani students and has also decided to build one thousand small schools in different areas of the country.

Source: Pro Pakistani