Agreement on Pakistan-China route

RSSA key agreement has been reached between the Pakistan Government and the Chinese Government with regard to the new route linking the two countries. The two governments have agreed on the need to speed up work to construct the Pak-China Economic Corridor (PCEC). This major road project looks likely to cost as much as USD45.6 billion. Both countries intend to complete the majority of the work needed within five years. The joint cooperation committee for PCEC will run more meetings to discuss the project and the surrounding works required. Once the PCEC is complete it will be of enormous economic benefit to the region as a whole and will kickstart the development of new industrial estates and business hubs across Pakistan.