The B&R initiative aims to connect China to Eurasia through a maze of road, rail and port projects.
China and Pakistan on Saturday inked various infrastructure agreements, including on setting up ports and for further developing Gwadar port, ahead of the One Belt, One Road (OBOR) forum that begins on Sunday, media reported.
India has not yet confirmed its participation, citing lack of a trustworthy environment on China's part to carry out belt and road projects.
On Saturday, Xi also met with Malaysian Prime Minister Najib Razak and lauded Kuala Lumpur for being one of the early supporters of the Belt and Road Initiative.
New Delhi is not likely to send anyone, a source had told IANS earlier.
The first MoU is related to cooperation within the framework of the Silk Road Economic Belt and the 21st century Maritime Silk Road initiative, Radio Pakistan reported.
As many as 28 heads of state and government, over 50 leaders of worldwide organisations, over 100 ministerial-level officials, as well as over 1,200 delegates from various countries and regions will participate in the forum.
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The signing ceremony was witnessed by Prime Minister Nawaz Sharif and the Chinese premier Li Keqiang.
Recently, Chinese Ambassador to India Luo Zhaohui had offered to rename the CPEC to allay Indian concerns about the project but withdrew his remarks soon after Indian foreign ministry spokesman Gopal Baglay said India had not received any proposal from China on renaming the CPEC.
From Nepal, Deputy Prime Minister and Minister of Finance Krishna Bahadur Mahara will lead the delegation.
India's decision to skip the meeting came after a year of bilateral discord over China's stubborn opposition to India's entry into the NSG and a United Nations ban against Jaish-e-Muhammad leader Masood Azhar. Reports have claimed that the country may be represented by junior embassy level officials.
In the last few days, China has tried to assuage India's feelings by asserting that the commercial corridor will not have any impact on its stand that the Kashmir issue should be settled by India and Pakistan through dialogue.
But the CPEC passes through the Pakistan-occupied Kashmir and resultantly India has raised objection to the plan.
The Gwadar port opposite the Mumbai's port housing the Indian Navy's western naval command provides a berth for China in the Arabian Sea and to the Indian Ocean.
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