National News - China to Help Execute $13.2 BN Projects - 14th Session of JEC Held

China agreed to extend co-operation in 36 development projects worth $13.2 billion related to industry, water, energy, agriculture, fisheries and communication to boost economic activity in flood-hit areas of Pakistan. China agreed during the 14th session of the Pak-China Joint Committee on Economic, Trade Scientific and Technical Cooperation (JEC) under the co-chairmanships of Finance Minister Dr Hafeez Shaikh and visiting China International Trade Representative from Ministry of Commerce Gao Hucheng. In a joint press conference by Hafeez Sheikh and Gao Hunheng, after the JEC session, Sheikh said that the two sides also agreed that Chinese investment will be increased in various sectors of Pak economy including agriculture, electricity, finance, mining and infrastructure. COUNTRY'S FOREIGN RESERVES DROP