EXIM Bank of China to finance Karachi, Faisalabad and Gwadar motorway project

BEIJING: The EXIM Bank of China Thursday expressed its readiness to finance Karachi-Faisalabad-Gwadar Motorway and will soon send a team of experts to Pakistan for a feasibility study of the proposed project.

The assurance came during a meeting between Chairman EXIM Bank Li Ruogu and Prime Minister Syed Yusuf Raza Gilani here.

Gilani said the financing of Karachi-Faisalabad-Gwadar Motorway project by EXIM Bank will be another shining example of the deep rooted Pak-China friendship and cooperation.

The Prime Minister appreciated the financial contribution of the EXIM Bank in major communication, energy and other projects in Pakistan like the Karakorum Highway, Chashma Nuclear Power Project and Saindak Copper and Gold mines.