Pakistan to become economic hub after CPEC completion: Iqbal

BusinessPakistan to become economic hub after CPEC completion: Iqbal

Pakistan to become economic hub after CPEC completion: Iqbal

ISLAMABAD, Pakistan: The Federal Minister for Planning and Development Ahsan Iqbal has said that Pakistan will become an economic hub of the most populated region of the world after the $46 billion China-Pakistan Economic Corridor (CPEC) project becomes operational.

In an interview with a private news channel, the minister termed the CPEC project a win-win project for both Pakistan and China. He said that the projects of CPEC would be launched in all the four provinces as Prime Minister Nawaz Sharif wanted development of the entire country.

The minister said that about $34 billion to $35 billion would be invested in the private sector in energy projects.

In reply to a question, he said that the working group for industrial zones would be constituted in next two months with the consultation of all the four provinces.

The planning and development further said that the project of Peshawar to Karachi Motorway would also be completed by the end of 2018.

The CPEC aims to connect Gwadar port in southwestern Pakistan to China’s northwestern autonomous region of Xinjiang, via a network of highways, railways and pipelines to transport oil and gas.

The economic corridor is considered central to China–Pakistan relations and will run about 3,000 kilometers from Gwadar to Kashgar.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Lt. Gen. S M Kamr-ul-Hassan of Bangladesh met COAS Gen Asim Munir and CJCSC...

0
Rawalpindi, Pakistan: Lieutenant General S M Kamr-ul-Hassan, Principal Staff Officer (PSO) of the Armed Forces Division of Bangladesh, is visiting Pakistan and met with...
Remembering Operation Zarb-e-Azb--- An action to clean terrorism from Pakistan

Pakistan’s Security Situation 2024: 444 terrorist attacks against security forces, resulting in 685 personnel...

0
Monitoring Desk: The year 2024 has proven to be the deadliest year in Pakistan in terms of security forces and civilian casualties in the...
Pakistani students participate in Harvard Model United Nations Dubai 2025

Pakistani students participate in Harvard Model United Nations Dubai 2025

0
Press ReleaseDubai, UAE: Harvard University’s International Relations Council (IRC), in collaboration with WorldView Education, organized the Harvard Model United Nations (HMUN) Dubai 2025 from...

Indian Visa Bumper Sale for Afghans

0
Monitoring Desk: After establishing a strategic partnership, India reopened the "e-Emergency X-Misc Visa" category for Afghans this week in Dubai so both countries can...
Hassan Niazi convicted for May 9 mutiny

Is there any legal justification to set up Judicial Commission on May 9 events...

0
Islamabad, Pakistan: There is a debate going on in journalistic circles about why the should government entertain the demand of PTI to set up...
Advertisement