Skip to main content

CPEC will be growth-puller in future: WB

June 11, 2020

ISLAMABAD: The mega projects like China's BRI and CPEC will prove to be growth-pullers in the time of global recession in the days to come , said Gwadar Pro quoting the recently published reports...

ISLAMABAD: The mega projects like China's BRI and CPEC will prove to be growth-pullers in the time of global recession in the days to come (following the outbreak of Covid-19), said Gwadar Pro quoting the recently published reports and research studies of World Bank (WB) and IMF.

Although at present, this appears to be a remote possibility to some economists worried about the post-Corona negative growth, a WB's April 2020 report forecasts good days ahead for Pakistan whose "GDP is likely to increase up to 6.43 per cent till 2030, courtesy the steady pace of CPEC".

According to the research studies, certainly there is no reason to disbelieve this 2030 projection. Given the fact that despite slowing down of economic activity in many parts of the world, CPEC is entering its second phase that will also focus, among others, on more areas of cooperation like tourism, food security, science and technology and agriculture with enhanced partnership between China's and Pakistan's private sectors.

These authentic reports, released by WB and IMF, belie misdirected propaganda and baseless rumours that continue surfacing, periodically, at the behest of anti-CPEC elements whose jealousy and callousness about ever-growing Pak-China economic cooperation stands fully exposed.

The main factor underlying this increased cooperation despite Corona-related crisis, is the iron resolve of both the “Iron Brothers”, China and Pakistan, to remain steadfast on the path of shared prosperity.

According to Yao Jing, Chinese ambassador to Pakistan, "Completion of phase-1 of CPEC has laid a strong foundation for the 2nd phase which will focus on development of Special Economic Zones (SEZs) and strengthening of the trade and cultural ties through joint ventures and exchanges of delegations."


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 yo

RWR Advisory: Belt and Road at a Glance

This edition covers developments from March 12 - March 26..  Belt and Road at a Glance   Subscribe to the Belt and Road Monitor Top Developments China National Machinery Industry Corporation, commonly known as Sinomach, has agreed to  build  a $845 million, 255-mile railway across  Iran , building upon a sustained period of growth for Chinese investment in Iran that accelerated after Xi Jinping’s state visit to the country in January 2016. The railway will link the cities of Tehran, Hamedan and Sanandaj. China Civil Engineering Construction, a subsidiary of CRCC, is currently also  building  a 263-km railway line from Kermanshah to Khosravi. According to Chinese entrepreneur Lin Zuoru, who  owns  factories in Iran, “Iran is at the center of everything.”On March 23, China’s Ministry of Commerce announced that foreign direct investment by Chinese companies in 50 Belt and Road countries fell by 30.9% year-on-year. While the Ministry stated that this number covers investment across al

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میں Please 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 daily Heavy Duty Driver: Rs. 1,700 daily Mason: Rs. 1,500 daily Helper: Rs. 850 daily Electrician: Rs. 1,700 daily Surveyor: Rs. 2,500 daily Security Guard: Rs. 1,600 daily Bulldozer operator: Rs. 2,200 daily Concrete mixer machine operator: Rs. 2,000 daily Roller operator: Rs. 2,000 daily Steel fixer: Rs. 2,200 daily Iron Shuttering fixer: Rs. 1,800 daily Account clerk: Rs. 2,200 daily Carpenter: Rs. 1,700 daily Light duty driver: Rs. 1,700 daily Labour: Rs. 900 daily Para Engine mechanic: Rs. 1,700 daily Pipe fitter: Rs. 1,700 daily Storekeeper: Rs. 1,700 daily Office boy: Rs. 1,200 daily Excavator operator: Rs. 2,200 daily Shovel operator: Rs. 2,200 daily Computer operator: Rs. 2,200 daily Security Supervisor: Rs.