We want to use China’s experience for economic development: Salman Shah

By Arhama Altaf - Web Editor - BOL News

23rd September, 2019

We want to use China’s experience for economic development: Salman Shah

Monday 23rd September, 2019

Advisor to the Chief Minister of Punjab on Economic Affairs and Planning, Salman Shah said, we want to use China’s experience to boost our economy.

Salman met Chinese delegation which was chaired by the Chinese Ambassador.

During the meeting, advisor to CM Punjab said that his government is trying to make a bridge between Chinese and local investors, they also discussed the recent developments in the province made related Pakistan-China Economic Corridor.

Salman Shah also said that they are ready to work on different sectors including agriculture, livestock and solar-energy.

The advisor also stated that the provincial government wants to make existing metro project more beneficial for the people of Punjab.

He further said that the Chicness funded orange line is also near its completion.

Salman said, we have planned the long term projects to increase the economy of Sindh and also trying to establish industrial zones to help investors.

Be clear that China-Pakistan Economic Corridor (CPEC) was started in 2015 which is a framework of regional connectivity.

According to official statistics, 20% of CPEC is debt-based finance, while 80% of CPEC is investment with the project contributing to 40,000 jobs for local Pakistanis and 80,000 jobs for Chinese.

The CPEC is a 3,000-kilometer network of roads, railways and pipelines to transport oil and gas from southern Pakistan’s Gwadar Port to Kashgar city.

CPEC is a journey towards economic rationalization in the globalized world.

CPEC is hope for better region of the future with peace, development and growth of economy.

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