Muhammad Omar
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ISLAMABAD: Size of the China-Pakistan Economic Corridor (CPEC) will remain unchanged at $50 billion, for now, as both the countries have decided to consolidate the already approved projects amid a hope to also achieve the financial close of $1.7 billion transmission line project.
A meeting of the Joint Cooperation Committee (JCC) of the CPEC will take place on December 20 in Beijing, said the Ministry of Planning on Friday. Unlike Lahore-Matiari transmission line project that may reach the next level, the stalemate will continue on $8.2 billion mainline-I project of Pakistan Railways.
The Cabinet Committee on CPEC on Friday approved agenda for the 8th JCC meeting, the highest decision-making body of CPEC. The committee also approved composition of Pakistani delegation and fixed date of the meeting (December 20), according to a handout issued by the Planning Ministry
