China to Invest $10 Billion in Oil and Gas Sector Under CPEC

The Minister for Planning Development & Reform KhusroBakhtyar has claimed that China has decided to invest in oil and gas sector in Pakistan. According to the news sources, the Minister has said that China has expressed its desire to invest $10 billion in the oil and gas sector under China Pakistan Economic Corridor (CPEC).

Also read: Beijing Interested in CPEC Expansion

Not only oil and gas, but China will also invest $4 billion in local manufacturing and steel sector. According to reports, $9 billion have also been approved for MLI railway project under CPEC. Khusro announced this while addressing the 3rd annual two-day conference on CPEC Consortium of Universities.

This major investment will open new doors of employment in the country and help stabilize the country’s economy as well.