BEIJING: China is quietly working to provide Pakistan a soft loan of $1.5 billion to overcome its financial crisis in addition to more than $3.7 billion to be invested in the telecom and power generation sectors in the next two to three years, Chinese officials told The News here on Friday.
Despite all security issues and financial pressures, China has decided to stand by its two trusted friends — Pakistan and Nigeria — where China will invest more than $4 billion by the end of 2009, they said.
