China and Pakistan’s recently announced plan for energy and infrastructure projects in Pakistan is estimated to be worth $46 billion with the aim of linking both country’s economies - and underscoring China's economic ambitions in Asia and beyond.
China's President Xi Jinping arrived in Pakistan earlier this week to oversee the signing of agreements aimed at establishing a China-Pakistan Economic Corridor between Pakistan's southern Gwadar port on the Arabian Sea and China's western Xinjiang region.
The plan is part of China's aim to forge "Silk Road" land and sea ties to markets in the Middle East and Europe.
NetSol Technologies, Inc. announced: "As the largest technology company with operations in Pakistan, we see this as an important investment that enhances the country's infrastructure, business environment, and overall economic outlook.”
Najeeb Ghauri, CEO of NetSol stressed: "This is the type of investment that demonstrates confidence in Pakistan, and its improving business and security environment.
"In addition, we believe that the investment will lower energy costs in the country, providing further benefits to business and the general public."
