October 22 , 2017
News
‘CPEC Day’ celebrated by Media Times Limited
Majid Rajput
KARACHI: Media Times Private Limited celebrated the China Pakistan Economic Corridor (CPEC) Day on Saturday to discuss various dimensions of the initiative and its impact on the economy of Pakistan.
Speakers at the event included Council General of People’s Republic of China Wang Yu, Balochistan Economic Forum President Sardar Shauqat Popalzai and the Pakistan Stock Exchange deputy managing director.
On the relationship between China and Pakistan and the future prospects, Wang Yu said that Pakistan and China had a long traditional and time-tested friendship. “Pakistan had extended a lot of help to China during a crucial time its history. Pakistan even tried to break the blockade against China when it was trying to get back its legitimate seat in the United Nations. This gesture will not be forgotten by the Chinese people,” he said.
To a question about expectations and ties on trade, finance and investment of Pakistan, Wang replied that CPEC project had remained vital not only for Pakistan, but also for China.
“CPEC has a scientific layout for Pakistan, covering four areas including, Gwadar Port, energy, infrastructure and industrial cooperation for development and prosperity of Pakistan,” he said.
Wang Yu said that 19 projects were under-construction. “Eleven of them are power plants, which will create at least 11,000 megawatts of electricity. This will be added to the national grid to help Pakistan overcome its energy crisis,” he said.
Giving his perspective on the future of Gwadar Port, Yu said that Gwadar Port had made a lot of progress within a short time. “We have also restored its capacity. Work also continues on establishment of Pakistan-China Primary School, where more than 300 students are registered. Fish processing factories and 14 small medical centers for healthcare of local people are also under construction,” he said.
Courtesy www.dailytimes.com.pk