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Business & Finance

Western route of CPEC to be completed earlier than eastern route: Chinese envoy

ISLAMABAD: Acting Ambassador of the People's Republic of China, Zhao Lijan Friday said that under the China Pakistan
Published June 29, 2018 Updated June 29, 2018 04:36pm

ISLAMABAD: Acting Ambassador of the People's Republic of China, Zhao Lijan Friday said that under the China Pakistan Economic Corridor (CPEC), western route of the project would be completed earlier than the eastern route.

Speaking at the National Press Club here about CPEC Project, the Chinese envoy dispelled rumors about the Western Route and said that western route of CPEC would be completed earlier than the eastern route.

He said work on various project under the CPEC was going with full speed and 22 projects would be completed during the current year while 18 projects would be completed next year.

He said around 70,000 Pakistanis had got employment in these projects.

The Chinese envoy said under the CPEC, the government had plan to complete a total of 200 projects till 2030 which would provide jobs to hundreds of thousands of people.

He expressed the hope that the next government in Pakistan would also continue the pace of progress on CPEC projects.

About Gwadar Port, he said, Gwadar International Airport would be completed in October this year.

He said fisheries was an important sector of Gwadar and establishing a re-processing plant at the port Pakistan could further increase its exports.

He invited the overseas Pakistanis to come to their country and invest in Gwadar Port, adding that more than 30 Pakistanis companies had been registered at the Port.

He said the investors were being provided facilities of electricity, gas, water and wifai.

In energy projects under the CPEC, he said, $13 billion were being invested, adding that several energy projects had been completed which had overcome load-shedding problem in Pakistan to a great extent.

Under the CPEC, he said industrial parts would be established in Pakistan.

To a question, he said Pakistani were hard workers and capable people and if they could make an atomic bomb then stabilizing their economy was not a big task for them.

He said in the 1970s decade Pakistan’s Gross Domestic Product (GDP) was equal to China, adding that today’s success story of China was a result of hard work and dedication of Chinese people.

He said that China desired improvement in Pak-India relations and both Pakistan and India could resolve their issues with peaceful dialogue.

Copyright APP (Associated Press of Pakistan), 2018

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