Skip to main content

CPEC most visible part of Belt and Road Initiative: PM

https://www.brecorder.com/2018/04/10/410630/cpec-most-visible-part-of-belt-and-road-initiative-pm/

CPEC most visible part of Belt and Road Initiative: PM

         

 PARVEZ JABRI APR 10TH, 2018 0 

BEIJING: Prime Minister Shahid Khaqan Abbasi Monday said the China-Pakistan Economic Corridor (CPEC) was the most visible part of the Belt and Road Initiative (BRI) announced by Chinese President Xi Jinping, which had also helped overcome energy deficit in Pakistan.

“The CPEC is most visible part of BRI towards the West today, which has helped Pakistan grow. It has helped overcome the energy deficit that we have,” he said in an interview with China Global Television Network (CGTN) on the sidelines of Boao Forum for Asia.

The prime minister is currently in China to attend the Boao Forum for Asia annual conference being held in the southern island province of Hainan.

He said the connectivity was improving as “we are building over 1,700 kilometers of multi-lane motorway as well as special economic zones.”

Shahid Khaqan Abbasi said the Gawadar port was now operational and providing access for Central Asia to the sea. It was the most efficient access and it was a positive move for both Pakistan and the whole region, he added.

While commenting on Pakistan-China relations, he said the time-tested relationship between the two countries was 70 years old. “Over the years, both the countries started these relations with military and economic cooperation, which had grown with President Xi’s Belt and Road Initiative and the CPEC, which is most visible part of it,” he added.

He said with President Xi’s Belt and Road Initiative in the region and as part of the push towards the West, Pakistan greatly benefited from that relationship.

Prime Minister Khaqan Abbasi said Pakistan and China had a very strong bilateral relationship, which, he hoped, would grow in future.

About economy and the rupee value, he said the rupee had to find its real value. “What is happening now is a correction in the value of rupee.”

He said the government was making effort for the economic growth. “We are close to five per cent growth for the last two years. We hope to achieve plus six per cent sustainable growth rate.”

He said whenever there was a growing economy, it had current account issues and that was what Pakistan was facing today. “We are managing this issue and we are very positive that it will take a couple of years to come out of this issue and especially with the Yuan parity growing, it will be very positive for Pakistan.”

When asked why did Pakistan want to keep Chinese currency as a reserve currency in a swap of trade, he said it was very beneficial for bilateral trade, which was improving. “Since there is pressure on dollar reserve, I think the move towards the Yuan will be a positive step for both Pakistan and China,” he added.

He said Pakistan adopted Yuan as a reserve currency as a management strategy of its finance. It would also benefit bilateral trade, which was improving. On the other hand, it would help Yuan become an international currency.

He said China was a champion of economic liberalization while the United States was talking about protectionism. Pakistan did not believe in protectionism as opening and liberalization were the way forward, he added.

Pakistan, he said, would join the Shanghai Cooperation Organization (SCO) Summit in June in Qingdao. The SCO was a regional multilateral cooperation mechanism. The inclusion of Pakistan would also benefit other parties. He said both India and Pakistan were joining (the SCO) and Pakistan viewed the move to improving bilateral relations.

Prime Minister Abbasi, who will meet Chinese President Xi Jinping on the sidelines of the BFA, said he believed in the vision of China, not just for the region but for the world also.

Copyright APP (Associated Press of Pakistan), 2018

Comments

Popular posts from this blog

SSG Commando Muddassir Iqbal of Pakistan Army

“ Commando Muddassir Iqbal was part of the team who conducted Army Public School operation on 16 December 2014. In this video he reveals that he along with other commandos was ordered to kill the innocent children inside school, when asked why should they kill children after killing all the terrorist he was told that it would be a chance to defame Taliban and get nation on the side. He and all other commandos killed children and later Taliban was blamed.
Muddassir Iqbal has deserted the military and now he is  with mujahedeen somewhere in AF PAK border area”
For authenticity of  this tape journalists can easy reach to his home town to interview his family members or   ISPR as he reveals his army service number”
Asalam o Alaikum: My name is Muddassir Iqbal. My father’s name is Naimat Ali. I belong to Sialkot divison (Punjab province), my village is Shamsher Poor and district, tehsil and post office  Narowal. Unfortunately I was working in Pakistan army. I feel embarrassed to tell you …

The Rise of China-Europe Railways

https://www.csis.org/analysis/rise-china-europe-railways

The Rise of China-Europe RailwaysMarch 6, 2018The Dawn of a New Commercial Era?For over two millennia, technology and politics have shaped trade across the Eurasian supercontinent. The compass and domesticated camels helped the “silk routes” emerge between 200 and 400 CE, and peaceful interactions between the Han and Hellenic empires allowed overland trade to flourish. A major shift occurred in the late fifteenth century, when the invention of large ocean-going vessels and new navigation methods made maritime trade more competitive. Mercantilism and competition among Europe’s colonial powers helped pull commerce to the coastlines. Since then, commerce between Asia and Europe has traveled primarily by sea.1Against this historical backdrop, new railway services between China and Europe have emerged rapidly. Just 10 years ago, regular direct freight services from China to Europe did not exist.2 Today, they connect roughly 35 Chinese…

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میںPlease help the deserving persons...Salary:Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows;Welder: Rs. 1,700 dailyHeavy Duty Driver: Rs. 1,700 dailyMason: Rs. 1,500 dailyHelper: Rs. 850 dailyElectrician: Rs. 1,700 dailySurveyor: Rs. 2,500 dailySecurity Guard: Rs. 1,600 dailyBulldozer operator: Rs. 2,200 dailyConcrete mixer machine operator: Rs. 2,000 dailyRoller operator: Rs. 2,000 dailySteel fixer: Rs. 2,200 dailyIron Shuttering fixer: Rs. 1,800 dailyAccount clerk: Rs. 2,200 dailyCarpenter: Rs. 1,700 dailyLight duty driver: Rs. 1,700 dailyLabour: Rs. 900 dailyPara Engine mechanic: Rs. 1,700 dailyPipe fitter: Rs. 1,700 dailyStorekeeper: Rs. 1,700 dailyOffice boy: Rs. 1,200 dailyExcavator operator: Rs. 2,200 dailyShovel operator: Rs. 2,200 dailyComputer operator: Rs. 2,200 dailySecurity Supervisor: Rs. 2,200 dailyCook for Chinese food: Rs. 2,000 dailyCook…