China welcomes Pakistan’s approach towards CPEC

Syed Umarullah HussainiWeb Editor

23rd Sep, 2020. 11:33 am

The Chinese Authorities have appreciated remarks of Pakistan President Dr. Arif Alvi about the China Pakistan Economic Corridor (CPEC) for its role in boosting regional connectivity.

Chinese Foreign Ministry’s Spokesperson Wang Wenbin said in his statement that Just as President Alvi pointed out, the CPEC not only benefits the people of China and Pakistan but will also boost the development of other countries in the region and elevate connectivity and economic cooperation throughout the entire region,”

“We have noted President Alvi’s remarks, the CPEC is an important pilot program of the Belt and Road Initiative (BRI) and a flagship in China-Pakistan cooperation.”

The Spokesperson said since its launch six years ago, major progress had been achieved with a large number of projects starting construction or being completed and more than $25 billion direct investment flowing into Pakistan.

“The completed projects have greatly improved transportation infrastructure and electricity supply in Pakistan, created over 70,000 direct employment opportunities, contributed between one percentage point and two to its annual GNI growth, and enhanced socioeconomic growth and people’s well-being,”

CPEC development

China firmly supports CPEC development and stands ready to work together with Pakistan to act on our leaders’ consensus and, on the basis of continued solid progress in infrastructure development, focus on cooperation in social welfare, industrial and agricultural cooperation, to turn the CPEC into a demonstration project for high-quality BRI development and deliver more benefits for the two countries and regional countries.”

It may be mentioned that President Dr. Arif Alvi had said that China Pakistan Economic Corridor (CPEC) would boost regional connectivity and particularly Afghanistan and Central Asian Republics would benefit from its road and railway infrastructure.

Xi’s visit to Pakistan

Earlier Prime Minister Imran Khan said that the people of Pakistan are looking forward to bidding welcome President Xi Jinping to Pakistan.

He said that in a farewell dinner organized for Chinese Ambassador Yao Jing.

The Prime Minister appreciated the role of the Chinese Ambassador in further strengthening Pak-China relations.

The Prime Minister said that CPEC entered the second phase during Ambassador Yao Jing’s Tenure.

In the second phase, CPEC is focused on industrial, agricultural, socio-economic development.

The second phase of CPEC will play a key role in promoting regional development and prosperity.

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