Prime Minister Shahid Khaqan Abbasi says China Pakistan Economic Corridor (CPEC) is a futuristic project for the upcoming generations.
He was addressing a Seminar titled 'the CPEC Summit ' organized jointly by the Ministry of Planning and Development and a private media outlet in Karachi on Monday.
He said the Project had provided Pakistan a strong foundation of overall development and prosperity.
The Prime Minister said Afghanistan also realizes the benefits of CPEC for the region. It will provide the most efficient trade route to Afghanistan, western China and the Central Asian States through rail and road networks.
He said the project had become a reality in less than three years.
Khaqan Abbasi said special economic zones to be built under the CPEC will provide opportunties to investors across the world to build their businesses and take advantage of the project.
Earlier, Planning Minister Ahsan Iqbal in his address said Pakistan will become a hub of development with the help of the Belt and Road initiative.
The Minister said law and order situation in Karachi has greatly improved now and the city becomes hub of economic activities and conducive for foreign investment.
Chinese Ambassador Yao Jing on the occasion expressed the desire to see Pakistan China relationships as an example for other states.
The Chinese Ambassador said CPEC is not just about economic growth but it is developing a community.