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Business & Finance

CPEC to generate more than 700,000 new jobs in Pakistan

ISLAMABAD: President, Pakistan Economy Watch Dr. Murtaza Mughal has said that CPEC was a fate changer for the people
17 Jun 2017

ISLAMABAD: President, Pakistan Economy Watch Dr. Murtaza Mughal has said that CPEC was a fate changer for the people of Pakistan.

Talking to Radio Pakistan, he said that the investment of 46bn dollars under CPEC had increased up to 56bn dollars now. Out of which, 35bn dollars will be invested on energy projects and remaining on infrastructure improvement.

He said this would help overcoming energy crisis in the country.

He mention that CPEC project would generate more than 700,000 new jobs in Pakistan.

The exports of the country would also increase which would lead to prosperity, he added.

Under CPEC, special economic and industrial zones would be established in provinces and under the control of centre in Pakistan, he said.

Economic expert Dr. Gulfaraz Ahmed also said that the government had been focusing on building new energy projects under CPEC.

He said that the distribution of energy was another challenging issue for Pakistan. It was required to improve the efficiency, decrease the losses and modernize the process of distribution of energy, he added.

He said Asian Development Bank's loan for this purpose would be very much useful adding it would improve the country's distribution system of energy.

Copyright APP (Associated Press of Pakistan), 2017