ISLAMABAD -- Pakistan and China sought to revive Belt and Road projects in the South Asian country at an annual huddle, held virtually on Thursday. In the run-up to the talks, cash-strapped Islamabad appeared to have accepted a Chinese demand to increase the cost of a railway, as it seeks to secure more financing.
This was the 11th meeting of the Joint Cooperation Committee, the key forum for making decisions on the China-Pakistan Economic Corridor (CPEC), a $50 billion Pakistan component of the Belt and Road. Zhao Shiren, the Chinese consul general in Lahore, told local media earlier this month that work on the CPEC is expected to speed up after the JCC meeting.
