CPEC focuses on infrastructural development: Chinese Counselor

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Commercial Counselor, Embassy of China Li Yong has said that China Pakistan Economic Corridor focused on the infrastructure in the first phase of its development while the second phase worked for the betterment of industry, agriculture, and socio-economic cause.

Li Yong delivered the key remarks on the seminar organized by the China Study Centre of COMSATS University Islamabad. The seminar titled “CPEC Practical Cooperation: Challenges and Prospects comprised of inaugural and technical sessions.

Li Yong mentioned that 114 countries signed the document of CPEC in the joint construction of BRI.

He said that the first phase of CPEC focused on the infrastructure while the second phase worked for the betterment of industry, agriculture, and socio-economic cause.

Li brought up different socio-economic developmental projects while focusing on Karot hydropower plant that will produce electricity at cheaper rates. He said that we must overcome the domestic challenges and promote high quality production.

At the event, Dr. Tahir also highlighted the key investments done by China in different sectors of Pakistan. He suggested that the policy makers should look forward to the model of restructuring and must encourage research based on evidence.

Dr. Tahir while delivering his keynote speech mentioned the importance of social development and human resource for CPEC. He also announced that CUI is also working on the development of Pak-China media and digital corridor with the embassy. While discussing the future plans of CSC he stressed on utilizing the incomparable human resource of alumni of Chinese universities in Pakistan. Dr. Hassan Daud, CEO – KP Board of Investment and Trade, joined through video link and delivered a keynote too. He stressed on the process of globalization to enhance global growth which is beneficial for the GDP of China.

 

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