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Sunday, October 2, 2022

CPEC has attracted $25 billion investment, created 200,000 Jobs in Pakistan in 8 years

According to the Chinese Foreign Ministry, the China-Pakistan Economic Corridor (CPEC) has made significant progress since its inception seven years ago, bringing a total of $25 billion in direct investments to Pakistan. Also according to data 200,000 Jobs are created till now and it is expected to increase at a higher rate in future.

50 public universities across Pakistan to get smart classrooms under CPEC

Many projects have been started or finished under CPEC, a dynamic project of President Xi Jinping’s Belt and Road Initiative (BRI), according to Foreign Ministry Spokesperson Wang Wenbin during his regular briefing in Beijing.

He specifically cited the completion of Pakistan’s first electric-powered public transportation project, the Orange Line Metro Line (OLMT) in Lahore. “Last month, as an early harvest project, the Orange Line became operational, ushering in Pakistan’s metro age,” he remarked.

JAC Motors, FAW, Dongfeng to increase Investment in Pakistan to benefit from CPEC Free Zone

Imran Khan said gave the same information about CPEC success in his interview with the Chinese Television 2 months back.

Pakistani Prime Minister Imran Khan has stated that his country maintains strong relations with both China and the United States, and that he wants to play the same “instrumental role” that drew Washington and Beijing closer together in the 1970s.

In an exclusive interview with CGTN’s The Point’s Liu Xin, the prime minister stressed that the uplift of Pakistan’s 220 million people was also tied to peace and stability.

Prime Minister Imran Khan launches Special Technology Zones in Haripur

Imran said the China-Pakistan Economic Corridor (CPEC), which has brought over $25 billion in direct investment and created over 200,000 jobs in the last eight years, was important for Pakistan’s economy and development.

According to him, China’s investment in connectivity and electricity generation came at a critical period in Pakistan’s economic recovery following the war on terrorism. Furthermore, he noted, the past administrations of “two very corrupt governments” contributed to the financial disaster.

PM Imran Khan inaugurates Special Technology Zone in Lahore

He stated that Pakistan, as an agricultural country, required agricultural investment and production. A memorandum of understanding had previously been inked with China in this regard, according to the prime minister.

In terms of future areas of collaboration, the prime minister stated that his administration’s focus was on geo-economics rather than the old geo-strategic notion, and that his government looked to China as a development role model.

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