China–Pakistan Economic Corridor (CPEC) has picked up pace once again as China has invested more than $11 Billion in Pakistan in 2020 alone. This is the second biggest amount of Chinese investment in a single year after 2015 which witnessed a total investment of over $12 billion.
The progress over the CPEC appeared to have stalled between 2017 and 2019 due to the relatively low amount of Chinese investment. However, CPEC has been reinvigorated since the appointment of Lt Gen (r) Asim Saleem Bajwa as the Chairman of the CPEC Authority (CPECA) in November last year.
Here is a breakdown of Chinese investment in the last 5 years.
Last month, Pakistan and China signed an agreement to build 2 hydro power plants worth $3.9 Billion in Azad Kashmir amid tensions with India. Another deal worth $7.2 billion to revamp the outdated railway infrastructure from the colonial era was also agreed last month