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| Name | Pakistani president meets Chinese President Xi Jinping |
| Video Uploader | Video From AP Archive |
| Upload Date | This Video Uploaded At 18-04-2021 18:54:22 |
| Video Discription | (19 Feb 2014) Long-time allies Pakistan and China signed agreements on Wednesday to build a new airport and upgrade the fabled Karakorum Highway as part of efforts to build an "economic corridor" through rugged mountains and regions torn by insurgent violence. The signings followed a summit in Beijing between Pakistani President Mamnoon Hussain and Chinese leader Xi Jinping that underscored close ties between the neighbours. The planned economic corridor will incorporate a 2,000-kilometre (1,200-mile) transport link connecting Kashgar in northwestern China to the little-used Pakistani port of Gwadar on the Arabian Sea near the border with Iran. That could at some point include a railway and oil pipeline. The project received a major boost when control of Gwadar was transferred to China's state-owned China Overseas Ports Holding Co. Ltd. in February 2013. Built by Chinese workers and opened in 2007, Gwadar is undergoing a major expansion to turn it into a full-fledged, deep-water commercial port. One of the agreements signed on Wednesday was a preliminary accord for constructing an international airport at Gwadar. The two sides also signed an agreement to upgrade a section of the 1,300-kilometre (800-mile) Karakorum Highway that connects China to Islamabad. The countries last year already agreed to build a fibre-optic cable to be laid from the Chinese border to the Pakistani city of Rawalpindi which will boost Pakistan's access to international communications networks. China is to provide 85 percent of the financing for the three-year project's 44 million US dollar budget, with Pakistan covering the rest. If the corridor project takes off, oil from the Middle East could be offloaded at Gwadar, which is located just outside the mouth of the Persian Gulf, and transported to China through the lawless Baluchistan province in Pakistan and over the towering Karakoram mountains. Such a link would vastly cut the 12,000-kilometre (7,500-mile) route that Mideast oil supplies must now take to reach Chinese ports. Beijing and Islamabad have long found common cause in opposing mutual rival India and have cooperated closely on military and diplomatic matters. However, economic relations have lagged as a result of political problems in Pakistan and the country's lack of basic infrastructure such as power plants for generating electricity - something it is looking to China for help improving. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter: https://twitter.com/AP_Archive Facebook: https://www.facebook.com/APArchives Instagram: https://www.instagram.com/APNews/ You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/bda1dd4a197661c41ac5f089c5b75002 |
| Category | News & Politics |
| Tags | 932025 | AP Archive | Beijing | Business | China | China Pakistan | East Asia | Government and politics | Greater China | Islamabad | Middle East | Pakistan | South Asia | Xi Jinping | bda1dd4a197661c41ac5f089c5b75002 |
