Overview

China pledges 100 million USD to Pakistan for digitally switched lines

Commitments (Constant USD, 2023)$232,252,174

Commitment Year•2001Country of Activity•PakistanDirect Recipient Country of Incorporation•PakistanSector•CommunicationsFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: May 11, 2001

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned companies

ZTE Corporation (formerly Zhongxing Telecommunication Equipment Corporation)

Receiving agencies

State-owned companies

Pakistan Telecommunication Corporation Limited

Implementing agencies

State-owned companies

Pakistan Telecommunication Corporation Limited

Loan desecription

China pledges 100 million USD to Pakistan for digitally switched lines

Interest type•Unknown

Narrative

Full Description

Project narrative

On May 11, 2001, Pakistan and China signed an MoU, whereby China would provide supplier's credit of 100 million USD for the manufacture and associated installation of digitally switched lines for Pakistan Telecommunication Corporation Limited. The MoU on economic and technological cooperation between the two nations came in the context of bilateral, formal talk on strengthening Pakistan-Chinese cooperation in various fields.