Karakoram highway project to be upgraded soon

Beijing: The Export Import Bank of China has signed a loan agreement with Pakistan for the upgradation of Karakoram Highway project (KKH). Under the agreement China will provide a credit of $327 million for the expansion of the KKH project.

The qualitative upgradation of Pakistan-China road linkage will further facilitate and enhance tourism and trade between the two friendly neighbouring countries. The expansion project is being executed jointly by the China Road and Bridge Corporation (CRBC) and Pakistan''s National Highway Authority (NHA). The agreement was signed by the Ambassador of Pakistan to China, Salman Bashir and Deputy General Manager Commercial of Loan Project, Xin Bin.