Business Today

China Temporaril­y Stops Funds to Pak

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China has decided to temporaril­y stop giving funds for at least three major road projects in Pakistan, being built as part of the

$ 50 billion China- Pakistan Economic Corridor, or CPEC, following reports of corruption, a decision that has left officials in Islamabad "stunned", a media report said. The decision by the Chinese government is likely to hit over ` 1 lakh crore worth of road projects of the Pakistan's National Highway Authority, and initially, may delay at least three such ventures, Dawn newspaper reported.

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