"CPEC a fate changer for the region- The mega project to generate more than 700,000 new jobs in Pakistan": Analysts
China is Pakistan's close and iron friend - CPEC to further strengthen relationship between two countries: Sartaj
Adviser on Foreign Affairs Sartaj Aziz says the multi billion dollars CPEC has further strengthened relations between the two countries over the last four years. He was addressing a ceremony after inaugurating Pak-China study center along with Chinese Ambassador Sun Weidong in Islamabad. The mega project will improve connectivity amongst peoples in the region.
Analysts on Telephone:
Dr. Murtaza Mughal (President, Pakistan Economy Watch)
CPEC is a fate changer for the people of Pakistan. The investment of 46bn dollars under CPEC have increased up to 56bn dollars now. Out of which, 35bn dollars will be invested on energy projects and remaining on infrastructure improvement. This will help overcoming energy deficiency in the country. This project will generate more than 700,000 new jobs in Pakistan. The exports of the country will also increase and it will lead to prosperity. Under CPEC, special economic and industrial zones will be established in provinces and under the control of centre in Pakistan.
Dr. Mansoor Akbar Kundi (IR Expert)
The relations between Pakistan and China started in 1949. China funded the construction of Dhaka airport and trade relations between the two improved a lot. The bilateral relations are fortified in trade and defence sector in past many years. China has invested huge amount of money in Pakistan in shape of CPEC. Such corridors and dams have always been useful for countries. Many other countries can also join and invest in this mega project. CPEC is going to benefit Pakistan and entire region at the same time.
Asian Development Bank will provide three hundred million dollars to Pakistan for financing of sustainable energy sector reforms program
ADB is appreciative of the achievements Pakistan has made so far to overcome the challenges of energy sector. An agreement to this effect was signed by Secretary Economic Affairs Division Tariq Pasha and ADB`s Country Director Xiaohang Yang in Islamabad. Finance Minister Ishaq Dar also witnessed the signing ceremony. Under the agreement, the Bank will assist Pakistan in improving reliability, affordability and sustainability of energy sector to support the economic growth.
Analyst on Telephone:
Dr. Gulfaraz Ahmed (Economic Expert)
The government has been focusing on building new energy projects under CPEC. The distribution of energy was another issue challenging Pakistan. It was required to improve the efficiency, decrease the losses and modernize the process of distribution of energy. Asian Development Bank’s loan for this purpose will be very much useful. It will improve our distribution system of energy.
Host: Dr. Shafiq ur Rehman