CPEC made Pakistan most visible part of Belt & Road Initiative: PM

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DAVOS: Prime Minister Shahid Khaqan Abbasi has said the Chinese Belt and Road Initiative would link together a series of countries, regions and civilizations to create shared prosperity.

Speaking in ‘Belt and Road Impact’ session of the World Economic Forum in Davos yesterday, he said BRI is physical manifestation of the bonds between countries that existed through history. He said Pakistan today is most visible part of the BRI because of China-Pakistan Economic Corridor. He said the project would result in freer movement of people and greater cultural opens between the countries.

The Prime Minister said we strongly recognize the vision and initiative of China and President Xi. Referring to CPEC, which is part of BRI, the Prime Minister said projects under the initiative include power plants, highways, modernization of railways and ports, construction of airports and setting up of economic zones for export growth. He said results of CPEC related projects have already started appearing as our cement plants used 56 percent additional capacity and exports grew by fifteen percent.

The Prime Minister said CPEC is also boosting confidence of the investors and Pakistan is getting a lot of investment in addition to CPEC. Shahid Khaqan Abbasi said key principles of CPEC projects are financial sustainability and lessening of environmental impact. —Online

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