Global Times recently reported that China has approved a proposal to increase its investments in the China-Pakistan Economic Corridor to around US$62 billion. When the project was first kicked off, the original investment level was US$46 billion. There was one increase to US$55 billion. Pakistani officials also revealed the information at an infrastructure investment conference. According to the Economic Corridor Plan, most of these investments will be spent in the areas of electricity generation and distribution. The newly approved additional investments will be directed to various different industries, including constructing industrial parks. At the same time, talks are still underway to include the City Ring Railway of Karachi within the scope (of its investments).
Source: Global Times, April 14, 2017