Chinese trade carvan arrival through CPEC hailed

Quetta—Former Vice President of Federation of Pakistan Chambers of Commerce & Industry (FPCCI) & and founding President of Women Chambers of Commerce and Industry (WCCI) Quetta, Fehmida Jamali hailed the first Chinese trade convoy of 85 containers carrying export goods has arrived at Gwadar Port through the western route of China-Pakistan Economic Corridor (CPEC).
In a statement issued here on Saturday, Fehmida Jamali said that the project will not only benefit China and Pakistan but will have positive impact on Iran, Afghanistan, Central Asian Republic, and the region. About $4.5 billion of the planned investment in the corridor will go towards road infrastructure, with two-thirds of the total $46 billion investment funneled towards energy projects.
She said that Pakistan and China have successfully established sea and road links with the deep seaport Gwadar during the last month and it is expected that the trading activity on the CPEC and Gwadar Port will be more flourish in the coming weeks. The former VP FPCCI also said that the opening of CPEC and operationalizing Gwadar Port would attract foreign direct investment in the country. The FDI has touched rock bottom during the last few years due to militancy and terrorism but a very successful military operation has nearly ended the militancy and terrorism perpetrators.
The improvement in law and order, infrastructure and reducing the energy crisis would help increase the GDP at least by 2 per cent per annum. And FDI because of CPEC would at least push up GDP by another two per cent points. Hopefully, the GDP would rise to 8 per cent in the next few years, Fehmida added
Senior Vice President of WCCI Quetta, Ambreen Aftab Sheikh said Pakistan is now emerging economy and under CPEC its importance has been increased. Central Asian countries have a shortest access to sea via Gawadar Port which is a unique opportunity for us to tap these markets which was much needed for us.
She urged trade and business community of Pakistan should come forward and take benefit of the emerging opportunities. In this regard Planning Commission should keep close liaison with FPCCI being an apex trade body of the country to materialize the opportunities timely.—INP

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