The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to ensure timely completion of China-Pak Economic Corridor; as it is bound to turn Pakistan into a great investment destination. The LCCI President Sheikh Muhammad Arshad in statement on Tuesday said that China-Pak Economic Corridor would start a new era of progress and prosperity in the country therefore it should be handled with extra.
It will not be wrong to say that the economic benefits of this project are hard to estimate. China has already promised to invest more than 46 billion dollars in this connection. This project has the potential to work as a big push theory of economics, he added.
He said that although both the governments are closely collaborating in this project but at the same time, the private sectors of Pakistan and China are going to have a bigger role to play in this mega project. Sheikh Muhammad Arshad said that China-Pak Economic Corridor is an overall co-operation platform with a focus on the long-term development of bilateral co-operation in various fields. He said that it is needless to mention that leading chambers of commerce like LCCI will have to spearhead these efforts to ensure widespread gains to all the stakeholders.
He said that Pakistan is bound to become economically strong and independent with never ending chain of investments from China. It will only be possible if the respective private sector representatives play their due role much proactively. He said that this mega project should be completed at any cost as undoubtedly, it has the potential to turn Pakistan into pivot of regional co-operation.
The LCCI President said that if Pakistan uses this opportunity wisely, it would enable it to harvest the economic benefits this corridor has to offer, it can considerably strengthen its regional power and esteem and prove a more priceless long-term ally for Beijing. This project would also bring development and prosperity to the people of around ten developing nations.
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