Pakistan

China’s investment not a loan, says Asif

ISLAMABAD: Federal Defence Minister Khwaja Asif said on Tuesday that China was supposed to make direct investment in Pakistan, thus rejecting a perception that it was a loan, ARY News reported.

“Imran Khan should consult his ‘advisers’ before leveling any allegation,” he told a news conference here.

Imran had alleged that Chinese president was making it to Pakistan for giving loan to the country on high interest rate.

Asif said Chinese president’s tour was meant for his country’s investment of $ 34 billion in Pakistan. He clarified that chairman Nepra was not his brother, instead he hailed from Sindh.

The minister said two power projects would start in Thar, for which the local coal would be used for the purpose. He clarified that the Thar coal would not be exported overseas.

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