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Chinese firms

Amid Beijing’s ‘Silk Road’ splurge, Chinese firms eye Pakistan

KARACHI: Chinese companies are in talks to snap up more businesses and land in Pakistan after sealing two major deals in recent months, a sign of deepening ties after Beijing vowed to plough $57 billion into a new trade route across the South Asian nation. A dozen executives from some of Pakistan's biggest firms told Reuters that Chinese companies were looking mainly at the cement, steel, energy and textile sectors, the backbone of Pakistan's $270 billion economy. Analysts say the interest shows Chinese firms are using…