Islamabad, Feb 14, 2019: Federal Minister for Planning, Development & Reform Makhdum Khusro Bakhtyar has said that formation of CPEC business forum would help to create an interface with the business community of Pakistan.
He was addressing on the occasion of a launching ceremony of "Friends of Silk Road" here at a local hotel on Thursday.
Mr. Bakhtyar said that President Xi Belt and Road Plan is transforming this century wherein China Pakistan Economic Corridor is an iconicproject. He said CPEC is a project above the party or regional lines which enjoys the full consensus of different stakeholders.
Minister highlighted that CPEC has helped to overcome severe energy crises in the country."Sufficient power availability is supporting to ensure investment in Pakistan," he added.
Minister said that CPEC 8th Joint Cooperation Committee has decided to make 2019 as "year of industrialization" and now Pakistan is fully focussing on the development of the special economic zone.
Minister intimated that Rashkai would be the first SEZ which will hit the ground in the coming six weeks.
Minister said industrial cooperation would support to overcome Pakistan's trade deficit. The government will facilitate investors with continuous policy support to create a "pull factor" he reiterated, adding that China would "push" its leading enterprises to relocate to Pakistan.
Minister said that the incumbent government has expanded the base of CPEC with a vision "One Corridor, Many Doors". On these lines, Pakistan and China have signed agreements on agriculture cooperation, socio-economic development, and poverty alleviation during the Prime Minister's visit to China in November last year.
He informed that Chinese experts were visiting Pakistan this month in order to promote cooperation in this sector. He hailed the Chinese Government for its financial support, amounting to one billion dollar grant in order to facilitate socio-economic development.
Minister PD&R said that agriculture sector is a major contributor to Pakistan's GDP which holds huge investment potentials in the future. Pakistan and China have expediated cooperation in this sector by the establishment of a full-fledged joint working group which is planned to meet next month.
Mr. Bakhtyar said that government attaches top priority to the development of Gwadar. Groundbreaking of a number of projects including Gwadar Power Plant, New International Airport, Vocational Institute, and Hospital would be done in the coming few weeks, he informed. Similarly, Gwadar Master Plan would be finalized in the coming 6 weeks, he added.
Minister said that Pakistan is fully committed to take CPEC to new heights. We will participate with full preparation in the Belt and Road Forum, planned in the month of April, he vowed.
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