China, Pakistan Economic Corridor, has connected two mega housing projects in Gwadar to the National grid. Authorities have approved the electrical connections. Electrical connections were approved and installed in the China, Pakistan Investment Corporation’s (CPIC) projects: International Port City and China Pak Golf Estates. These are the first residential communities in Gwadar’s private sector....
Pakistan has returned $1 billion to Saudi Arabia as the second installment of a $3 billion soft loan. For this purpose, Islamabad reaches out to Beijing for a commercial loan.This will help it offset pressure to repay another $1 billion to Riyadh next month, officials said on Wednesday. Analysts say it is unusual for Riyadh to press for the return of money. Relations between historically close friends...