Economic recovery contingent on CPEC development after COVID-19: Khusro

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From Business Correspondent

ISLAMABAD: Federal Minister for Economic Affairs Makhdoom Khusro Bukhtiar appreciated Chinese assistance to Pakistan for fighting the coronavirus pandemic.

He was talking to Chinese Ambassador Yao Jing, who called on him here at his office. The Secretary Economic Affairs also attended the meeting, a ministry press release said.

The minister said Pakistan’s economic recovery after the COVID-19 pandemic would be contingent on the developments around China Pakistan Economic Corridor (CPEC), which was now entering into a new phase.

It was discussed that priority in the second phase of CEPC was on socio-economic sector projects, with grant financing for direct benefit of common man which could be utilized to improve health infrastructure for an effective response to the pandemic.

Promotion of Business to Business (B2B) relationship for technological and industrial development through relocation of plants and factors to benefit from establishment of special economic zones remained an important milestone.

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