CPEC IS A TRANSFORMATIONAL PROJECT, SAYS FOREIGN SECRETARY

CPEC IS A TRANSFORMATIONAL PROJECT

TRANSFORMATIONAL PROJECT

 Foreign Secretary Sohail Mahmood on Monday held a meeting with China-Pakistan Economic Corridor (CPEC) Chairman Lt Gen (r) Asim Saleem Bajwa, wherein he said that CPEC is a transformational project. Besides, he said that there is a complete national consensus on CPEC’s indispensability for Pakistan’s national development efforts.

“Pakistan and China are firmly committed to the timely completion of the projects. And want to make it a high-quality demonstration project of BRI [Belt and Road Initiative],” he said.

Reviewing the progress of CPEC projects, the foreign secretary maintained that CPEC energy and infrastructure projects had created thousands of jobs. He further added that these projects had boosted industrial growth and productivity. It testified to the fact that CPEC’s contribution to strengthening Pakistan’s economic landscape has been real and substantial, he emphasized.

The foreign secretary underlined that Pakistan’s focus in the next phase of CPEC was on industrialisation and socio-economic development, areas that will create vast job and growth opportunities for the familiar people. FS Mahmood also said the government is mainly focused on strengthening agricultural cooperation between Pakistan and China.

In that regard, a plan of action is being discussed between the two governments.

CPEC IS A TRANSFORMATIONAL PROJECT

Meanwhile, Lt Gen (retd) Bajwa said that the CPEC Authority was committed to ensuring that projects were completed on time. It is expected that the 10th JCC is likely to be held soon. It will create more economic opportunities and contribute to further expansion of CPEC projects.

The CPEC Authority chairman reaffirmed that Pakistan would welcome the relocation of industry from China. In that regard will institute a regime that could encourage the inflow of Chinese investments to Pakistan.

It was reaffirmed in the meeting that post-COVID-19, through collective efforts of China and Pakistan, CPEC would become the hub for regional trade and connectivity. Subsequently, it will deepen people-to-people exchanges at a broader level, the statement added.

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