apr 20, 2015 - Pakistan and China signed an agreement to commence work on the $46 billion agreement
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The China-Pakistan Economic Corridor (CPEC) has attracted US $46 billion investments so far and become one of the flagship projects of President Xi Jinping's mega global connectivity initiative, said authorities here ahead of a high-profile Silk Road summit later this week.
This is the first time that China officially revealed the investment figures which were so far circulated by Pakistani officials. Some reports emanating from Pakistan had said that the investments were as high as US $50 billion.
Chinese People's Association for Friendship with Pakistan, an official body, said the CPEC has attracted US $46 billion investments so far and become one of the flagship projects in the China-proposed "One Belt, One Road" -- the official name for Silk Road initiative.
http://www.dnaindia.com/world/report-china-says-cpec-attracted-usd-46-billion-investments-2431454
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During the state visit of Xi Jinping to Pakistan in April 2015, he wrote in an open editorial stating: "This will be my first trip to Pakistan, but I feel as if I am going to visit the home of my own brother." On 20 April 2015, Pakistan and China signed an agreement to commence work on the $46 billion agreement, which is roughly 20% of Pakistan's annual GDP,[39] with approximately $28 billion worth of fast-tracked "Early Harvest" projects to be developed by the end of 2018.[40] As a gesture of friendship, the Pakistani capital at that time was dotted with slogans and signboards such as "Pakistan-China friendship is higher than the mountains, deeper than the oceans, sweeter than honey, and stronger than steel"[41] – an oft repeated phrase coined by the Chinese to describe their deep ties to Pakistan.
https://en.wikipedia.org/wiki/China%E2%80%93Pakistan_Economic_Corridor
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