ISLAMABAD, :International relations experts have opined that the Prime Minister’s successful visit to China would give new momentum to China Pakistan Economic Corridor (CPEC).
Talking in Radio Pakistan’s current affairs programme Dr. Fazal ur Rehman, expert on CPEC said that during his visit to China, the Prime Minister reaffirmed Pakistan’s unwavering commitment to its friendship with China and the China-Pakistan Economic Corridor (CPEC).
He said that the present government had charted a new course for CPEC and various sectors.
Despite some challenges along the way, Dr Fazal said the Chinese side remained resolute in their dedication to completing CPEC projects.
Significantly, he added, infrastructure and energy-related projects had reached advanced stages of completion.
In the upcoming phase of CPEC, Chinese companies were actively exploring opportunities to establish industrial zones within Pakistan, with the aim of generating employment for the Pakistani populace and enhancing their quality of life, he added.
The expert opined that improved connectivity would not only benefit Pakistan but also foster increased trade, commerce, and people-to-people interactions between Pakistan and other nations.
Another CPEC expert, Dr. Talat Shabbir said that PM’s visit to China held significant importance in light of Pakistan’s ongoing economic challenges. China, he added, had a deep understanding of Pakistan’s current economic situation.
During the Prime Minister’s visit, a large number of Memorandums of Understanding (MoUs) related to the China-Pakistan Economic Corridor (CPEC) were formally inked, that would give a new impetus to CPEC.
He said that Pakistan and China were now entering in the industrialization phase of CPEC, and we were actively seeking China’s partnership in relocating industries to Pakistan.
This move is poised to reinvigorate our local industrial sector, boost exports, and lead to the creation of numerous new job opportunities.
A key aspect of this endeavor, he said was the ML-1 project, a highly strategic initiative that would significantly enhance connectivity and logistics infrastructure.
The development of Special Economic Zones (SEZs) was an integral component of this comprehensive CPEC phase.
In the initial stages, Dr. Talat Shabbir said that the CPEC concentrated on energy initiatives that laid a foundation for progress in other areas.
Subsequently, there was a concerted focus on infrastructure development, and now, the third phase was dedicated to the establishment of Special Economic Zones in Pakistan, he added.
He said that the Chinese were not only willing but also fully prepared to support Pakistan in this direction.
However, it was imperative that Pakistan approached these opportunities with seriousness and readiness on its part.
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