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AIIB president meets PM Imran, announces to invest in CPEC projects

BEIJING: Asian Infrastructure Investment Bank (AIIB) President Jin Liqun on Friday called on Prime Minister Imran Khan in Beijing and announced to invest in the projects pertain to China-Pakistan Economic Corridor. According to the details, PM Imran Khan met with the AIIB President on the side line of China International Import Expo. Talking to AIIB President Jin Liqun, PM Imran Khan said that the incumbent government is bringing new reforms for economic restoration in the country. He offered AIIB resident investment…

China-based AIIB assures to finance four projects in Sindh 

KARACHI: The Asian Infrastructure Investment Bank (AIIB) has shown interest to extend financial assistance to launch four projects in Sindh worth RS137.7 billion including the Karachi Expressway, Karachi Sewerage Plan (S-III) project, a lining of KB Feeder and Kandhkot-Ghouspur Bridge on River Indus. Sindh Chief Minister Syed Murad Ali Shah held a meeting on Wednesday with AIIB Vice President Mr DJ Pandian. The Beijing-headquartered AIIB is a multilateral development bank that aims to support the building of…

China-backed AIIB approves first loans

BEIJING: The China-backed Asian Infrastructure Investment Bank (AIIB) approved its first four loans totalling over half a billion dollars, it announced Friday, as it joined forces with putative rivals to finance projects across Asia.

AIIB will boost investment in region: Xi

BEIJING: The new Asian Infrastructure Investment Bank will boost investment in the region while contributing to "fairer" global economic governance, Chinese President Xi Jinping said Saturday at the formal opening ceremony in Beijing.