CIC Fund looking to invest $ 1 billion in Pakistan

MG News | March 06, 2018 at 05:13 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

MLN 06, March 2018 - China Investment Corporation is currently planning to invest $ 1 billion in Pakistan; the talks for which are set to begin tomorrow, according to source

A delegation from China Investment Corporation (CIC), China’s biggest sovereign fund, is expected to meet Pakistani officials in Islamabad tomorrow to enter into an investment agreement.

China Investment Corporation (CIC) is a sovereign wealth fund responsible for managing some parts of China's foreign exchange reserves.

CIC was established in 2007 with approximately US$200 billion of assets under management. At the end of 2015, the CIC had over US$810 billion in assets under management.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	172,399.90 320.00M	1.59% 2696.30
ALLSHR	103,927.90 888.16M	1.29% 1323.37
KSE30	51,428.16 185.27M	1.65% 836.84
KMI30	246,743.08 136.63M	1.75% 4243.24
KMIALLSHR	67,499.94 461.75M	1.34% 890.73
BKTi	46,974.29 67.03M	1.67% 773.64
OGTi	35,183.53 7.71M	0.85% 295.91

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,340.00	64,800.00 63,430.00	680.00 1.07%
BRENT CRUDE	86.80	89.90 85.80	-3.58 -3.96%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	1.10 0.90%
ROTTERDAM COAL MONTHLY	131.00	131.00 130.00	-1.75 -1.32%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	84.29	87.23 83.20	-3.42 -3.90%
SUGAR #11 WORLD	13.70	13.97 13.68	-0.09 -0.65%