The China-Pakistan Economic Corridor (CPEC) project will be a game changer in the region as this would help promote regional economy, culture, bilateral relation, besides improving rail and road linkages, Zhang
The China-Pakistan Economic Corridor (CPEC) project will be a game changer in the region as this would help promote regional economy, culture, bilateral relation, besides improving rail and road linkages. This was stated by China Group Companies Association’s executive vice president Zhang Chongqing while speaking at a roundtable conference held here on Saturday under the joint auspices of Pathfinder Group and Nutshell Forum.
Speaking in his native Chinese language, Chongqing said that China’s investment in Pakistan would help in boosting the country’s economy, besides strengthening ties between the two countries. “We see a lot of potential in Pakistani people. We want to work with you as sky is the limit,” he said while appreciating resolve of Pakistanis to fight terrorism and extremism. He suggested Pakistani regulatory authorities to learn from their counterparts in China and implement their rules and regulations to get taxes and other duties from companies and private businesses.
Chongqing vowed to work with Pakistani officials and private companies on the CPEC and answered some tough questions asked by the participants. In April this year, China and Pakistan signed the US $46 billion CPEC under which different development projects would be carried out by 2030. In his opening remarks, Ikram Sehgal, chairman Pathfinder Group and leading columnist, recounted his experience of working with Chinese people and admired their enthusiasm and passion for the CPEC. “The CPEC will bring economic prosperity not only for Pakistan but also for the whole region as industrial cities and projects developed under the project will generate a lot of economic activity,” he said.
Sehgal said the project will also help eliminate terrorism and extremism through economic benefits to the common people in far-flung areas of the country. Senator Mushahid Hussain Syed, who is also chairman of parliament committee on CPEC, said the China has brought some 500 million people out of poverty through economic progress and fair distribution of resources. “Smooth political succession after every 10 years is also a positive political sign and Pakistan should learn from the experience,” he said. (Business Recorder)