Monday, February 19, 2018

Report on ‘The Reality of CPEC: Facts VS Fiction’ launched

February 19, 2018


By:Samaa Web Desk

Published in EconomyPakistan

NEWS DESK: A research report on ‘The Reality of China-Pakistan Economic Corridor Project (CPEC): Facts Vs. Fiction’ was launched in Islamabad on Monday, reported Radio Pakistan.

It aims at removing misconceptions about the CPEC project and provides factual insight of the project.

Rejecting the impression that Pakistan will not gain any economic benefits from the CPEC, the research report prepared by Pakistan-China Institute, states that the mega-corridor project will change the perception of Pakistan and promote it as an investor-friendly nation. It will also act as an effective counterweight to the Indian pressure. It is a vote of confidence in the future of Pakistan and a way forward for Pakistan’s future prosperity.

The report also states that CPEC will benefit all the provinces.

Highlighting the energy and road infrastructure projects completed under the CPEC, the report states that the special economic zones under the project will cater to the needs of local businesses and increase competitiveness for goods in the local market.

Speaking on the occasion, the interior minister Ahsan Iqbal said only democracy can ensure sustainable socio-economic development.

He said it was because of democracy that the country was today having historic projects like China-Pakistan Economic Corridor.

Addressing the ceremony which also marked launch of Chinese language classes in Islamabad, Chairman Senate Raza Rabbani said that CPEC will mutually benefit both Pakistan and China in strategic and economic realms.

Voicing concerns over the US policy on Afghanistan, the Senate chairman said that Washington wants to make New Delhi policeman of the region but this is not acceptable either to Pakistan or the people of the region.

In his remarks on the occasion, Chinese Ambassador to Pakistan Yao Jing said the two countries have reached a consensus on taking the CPEC project forward, adding that any problems coming in its way will be addressed collectively

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