CPEC expanded to include additional sectors: Bakhtiar  

Published: November 19, 2019
Email
A general view of Gwadar port in Gwadar, Balochistan. PHOTO: REUTERS

A general view of Gwadar port in Gwadar, Balochistan. PHOTO: REUTERS

ISLAMABAD: Federal Minister for Planning, Development and Reforms Makhdoom Khusro Bakhtiar has said that the China-Pakistan Economic Corridor (CPEC) has been extended to include industrial, agricultural and social cooperation, with the textile, auto, iron, steel, and mines and minerals sectors also being included in the mega project.

He termed the country’s economic growth important to its security and announced that need-based scholarships worth Rs6 billion have been allocated under the ‘Ehsaas’ programme. He was speaking while inaugurating an annual conference of CPEC universities at the convention centre here. He visited various stalls on the occasion.

The Chinese ambassador was also in attendance at the conference. Bakhtiar stressed the importance of contacts between the Pakistani and Chinese peoples and disclosed that China had provided Pakistan Rs1 billion dollars in social sector grants.

He claimed that the federal government was introducing structural reforms to improve the economy as the country had a substantial current account deficit and an economy based on imports could not be a stable one. He also revealed that the private sectors of the two countries intended to increase cooperation.

He termed smart phones part and parcel of life today and disclosed that the smart phone company of china was spending more than 18 billion dollars on smart phones.

Published in The Express Tribune, November 19th, 2019.

Facebook Conversations

Leave Your Reply Below

Your comments may appear in The Express Tribune paper. For this reason we encourage you to provide your city. The Express Tribune does not bear any responsibility for user comments.

Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments FAQ.

More in Pakistan