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Soft Loan

Pakistan to secure $1 bn in Chinese financing for CPEC roads: official

ISLAMABAD: Pakistan expects to secure soft loans from China of about $1 billion this week for three road projects in the China Pakistan Economic Corridor (CPEC), a Pakistani official said on Tuesday. The roads lie on the western route of CPEC, a $55 billion network of roads, rail links, power plants and other infrastructure connecting western China to Pakistan's southern port of Gwadar. They include roads from Raikot to Thakot, Yarik to Zhob and from Basima to Khuzdar, Ashraf Zaman, spokesman for Pakistan's National…