(AA) – Pakistan and China have signed agreements for several multi-billion dollar agreements soon after Chinese President Xi Jingping arrived in Pakistan on Monday.
The energy focused agreements will add 8,000 megawatts to Pakistan’s power capacity, according to the minister for planning and development Ahsan Iqbal.
He told reporters there were will be $30 billion worth of energy-related agreements signed over the next two days and deals worth another $17 billion will be agreed for trade, investment and infrastructure projects.
The agreements will include the upgrading of the Korakoram Highway which connects the two neighboring countries.
Earlier, Xi was given a red-carpet welcome to Islamabad with 21-gun salute and a guard of honor.
President Mamnoon Hussein, Prime Minister Nawaz Sharif, army chief General Raheel Sharif and other dignitaries welcomed Xi, who is the first Chinese president to visit Islamabad since 2006.
The highly-anticipated visit comes after earlier trips were cancelled for security reasons.
Xi is expected to address Pakistan’s parliament on Tuesday.