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Pakistan cuts Chinese “Silk Road” rail project by $2 bln due to debt concerns

Pakistan cuts Chinese “Silk Road” rail project by $2 bln due to debt concerns

  • The megaproject was initially priced at $8.2 billion
  • “Pakistan is a poor country that cannot afford huge burden of the loans,” Railways Minister Sheikh Rasheed told a news conference in the city of Lahore
By Reuters ·
Saudi Arabia, China to set up $20bn investment fund

Saudi Arabia, China to set up $20bn investment fund

By Sean Cronin ·

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