Pakistani and Chinese workers at the site of a Belt and Road project in northern Pakistan. Photo: AFP

China’s pledge two years ago to loan and finance US$55 billion in infrastructure spending for the China-Pakistan Economic Corridor comes at a time when US investment in the country has slowed dramatically.

“We are not on their radar,” Bloomberg quotes M. Abdul Aleem as saying of US investors. Aleem, CEO of Karachi-based Overseas Chamber of Commerce and Industry, added that US firms “tend to stay away when it comes to Pakistan.

There is also concern that the current US administration’s proposed cuts to foreign assistance will hit Pakistan, the sixth largest recipient of American aid.

Asia Times Financial is now live. Linking accurate news, insightful analysis and local knowledge with the ATF China Bond 50 Index, the world's first benchmark cross sector Chinese Bond Indices. Read ATF now. 

2 replies on “China’s New Silk Road dwarfs US investments in Pakistan”

Comments are closed.