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Early harvest projects of China-Pakistan Economic Corridor will be completed by December 2017: Ahsan Iqbal

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by September 9, 2015 General

Islamabad, September 09, 2015 (PPI-OT):Federal Minister Planning, Development and Reform Ahsan Iqbal today said that early harvest projects of China-Pak Economic Corridor will be completed by December 2017 and bring transformational change by solving the problems of energy and infrastructure sector.

CPEC is not a bilateral project between Pakistan and China relations but will serve as a fate changer not only for this region but for other regions and world including Middle East, Europe and Western countries. He was speaking at Interactive Session with Civil Society on “China-Pak Economic Corridor, Opportunities, Challenges and Strategic Significance”, organized by Ministry of Planning, Development and Reform.

He said that CPEC demonstrates the all-weather and time tested friendship between China and Pakistan. It translated has strategic bilateral political relations into strategic economic partnership based on win-win paradigm.

He stated, “CPEC will help overcome the energy crisis, increasing power generation capacity and fulfilling the electricity needs of the country. Similarly, the government was taken projects for upgrading the transmission and distribution system. Chinese assistance will also help to construct LNG pipeline to supply gas to power stations. He said that Thar that is known for drought would emerge energy capital of the country that would ultimately provide diverse opportunities of employment and growth in the backward areas of interior Sindh.

Apart from focusing on energy and infrastructure, CPEC will also improve the quality of life through social and economic interventions. It also seeks to establish special economic zones, which will tremendous trade and economic opportunities, he added.

Ahsan Iqbal said that development of Gawadar port and airport and construction of eastern, western and central alignments would connect all the provinces and regions of the country and would turn the country into manufacturing hub, which will help to overcome unemployment and increase our exports and access to international markets.

Minister maintained that the Chinese investment of 46 billion US dollars has changed country’s image from safe heavens for terrorists to investment hub and economic activity. He said the only way forward for us as a nation is to have strong belief in ourselves and that we keep on moving in the right direction with tangible goals and clear vision.

Similarly, political stability and social harmony is a key to our success to achieve what we couldn’t in the past. Vision 2025 provides a comprehensive framework for the development of our country and it defines clear roadmap toward achieving our national agenda. He urged that civil society should join hands with the government to make CPEC a real success as we all have the common stakes and should work together for glory and prosperity of the country.

Chinese Ambassador in Pakistan Sun Wei Dong speaking on the occasion said that Pakistan and China are “iron brothers”, whose friendship is based on mutual trust and respect. He said that China always prioritizes the friendship with Pakistan in bilateral relations. He said that CPEC translated the political relations between the two countries into strong economic ties.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +92-51-9252323 and +92-51-9252324
Fax: +92-51-9252325 and +92-51-9252326
Email: piopid@gmail.com

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