There has been deliberate misinformation floated on social media - TopicsExpress

There has been deliberate misinformation floated on social media that 34 billion dollars from Chinese was not an investment but a loan with 7% interest. I spoke to some of my friends in banking and finance. They were mostly surprised about this fictional story. According to them these 34 billion dollars will be a combination of equity, loans, and suppliers credit. The investments will be mostly in private companies in many sectors including roads, energy, manufacturing and transportation. Cancellation of Chinese President’s visit will delay implementation but hopefully not postpone it. Creation of Pak-China investment bank is an important development in this regard.

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