Wednesday, March 1, 2017

Trade bodies want Indian conspiracies against CPEC foiled



Staff Report


KARACHI: Industrialist and representatives of prime export sectors of the country have expressed their concern over conspiracies apparently being hatched to sabotage the China-Pakistan Economic Corridor (CPEC) project through extremism, violence and cross-border terrorism in Pakistan, by countries like India that have economic and political rivalries with Pakistan.

Members of the Pakistan Apparel Forum (PAF), Pakistan Tanners Association (PTA), Pakistan Yarn Merchants Association (PYMA), All Pakistan Business Forum (APBF), and All Pakistan Marble Mining Processing Industry and Exporters Association (APMMPIEA) showed their confidence in the timely completion of the CPEC project, commenting that it is a transnational project promising an investment of more than $50 billion. They said that maximum advantage would be taken of the CPEC to revolutionise trading, transportation, and industrial infrastructure.

They affirmed that the business community of the country was committed to extending all available resources and capabilities to engage prolific organisations and entrepreneurs in the region for creating robust links, new opportunities, and mutual benefits for Pakistan and China.

Agha Saiddain of PTA, Ghulam Rabbani of PYMA, Jawed Bilwani of PAF, Ibrahim Qureshi of APBF, Sanaullah Khan of APMMPIEA, and members of the Karachi Chamber of Commerce and Industry said that the recent rise in terror attacks in Pakistan threaten the timely completion of the revolutionary CPEC project or sabotage infrastructural development and faster economic progress in Pakistan.

"We are confident that the government authorities and law enforcement agencies of Pakistan will remain vigilant against the threats that might sabotage the CPEC," their statement read. They said that with such a huge foreign investment coming into Pakistan, it was essential to beef up security for enabling robust growth in trade and commerce. "The CPEC will also create fresh opportunities to build new industrial sites in deprived and remote areas that are connected to this vast network of roads and railways

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