Asia Unhedged | China’s New Silk Road dwarfs US investments in Pakistan
Pakistani and Chinese workers at the site of a New Silk Road project in northern Pakistan. Photo: AFP
Pakistani and Chinese workers at the site of a New Silk Road project in northern Pakistan. Photo: AFP
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China’s New Silk Road dwarfs US investments in Pakistan

One Belt, One Road projects are welcomed, as US companies look elsewhere

April 13, 2017 8:05 PM (UTC+8)

China’s pledge two years ago to loan and finance US$55 billion in infrastructure spending for the China-Pakistan Economic Corridor comes at a time when US investment in the country has slowed dramatically.

“We are not on their radar,” Bloomberg quotes M. Abdul Aleem as saying of US investors. Aleem, CEO of Karachi-based Overseas Chamber of Commerce and Industry, added that US firms “tend to stay away when it comes to Pakistan.

There is also concern that the current US administration’s proposed cuts to foreign assistance will hit Pakistan, the sixth largest recipient of American aid.

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