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ISLAMABAD: Minister for Finance and Revenue, Industries and Production Hammad Azhar has underlined the need for the early completion of projects falling under the umbrella of the CPEC for moving on the path to economic growth and development.

On Thursday, the finance minister after assuming charge of Finance Ministry chaired a meeting regarding economic and industrial cooperation under the China-Pakistan Economic Cooperation (CPEC).

Hammad Azhar stated the CPEC is of great importance for Pakistan as it would be enable the country to enhance industrial production, upgrade energy and communication infrastructure, and improve connectivity with the region.

The CPEC would generate abundant employment and investment opportunities in Pakistan and beyond, he added, while emphasizing the need for the early completion of projects falling under the umbrella of CPEC.

The Finance Minister said timely completion of these projects would take benefits to the people of both the countries.

The Chinese ambassador outlined that the CPEC is of immense importance for the Chinese companies and will expand and strengthen economic cooperation for achieving common objectives and guarantee a prosperous future for both the nations.

The chairman CPEC Authority assured full support and assistance to the Chinese ambassador for expediting progress in the communication and transportation sectors on the occasion.

The Finance Minister acknowledged China for its continuous support in provision of COVID-19 vaccine for fighting the disease effectively.

He appreciated the continuous and unwavering support that China has extended to Pakistan during testing times.

China-Pakistan bilateral relationship is an epitome of enduring friendship and brotherhood, he concluded.

Federal Minister for Privatization Muhammad Mian Soomro, Chairman CPEC Authority Lt. Gen Asim Saleem Bajwa (retd), Chinese Ambassador Nong Rong, Federal Secretary Finance Division, and Federal Secretary Privatization Commission participated in the meeting.

Copyright Business Recorder, 2021

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