Pakistan and China have agreed to sign a framework agreement for investment in the Karachi Coastal Comprehensive Development Zone project, reported 24NewsHD TV channel on Tuesday.
According to official sources, the federal cabinet has approved the summary for the agreement through circulation.
The agreement will be signed between the Karachi Port Trust (KPT) and the China Board and Bridge Corporation (CBBC).
The Karachi Coastal Comprehensive Development Zone is a multi-million dollar project under the China-Pakistan Economic Corridor (CPEC).