China, Pakistan set up $2.76b fund to invest in new energy, modern agriculture and more

China, Pakistan set up $2.76b fund to invest in new energy, modern agriculture and more

Haripur, Pakistan. Photo by Sohail Ahmed on Unsplash

State-backed entities in China and Pakistan are setting up a 20-billion-yuan ($2.76 billion) fund-of-funds (FOF) to invest in areas such as new energy and modern agriculture as the two countries look to revive economic and trade ties.

Edited by: Deepshikha Monga