CPEC leaving positive impact on Pakistan economy: Chinese envoy


Staff Reporter


Ambassador Yao Jing of China has said that China-Pakistan Economic Corridor (CPEC) leaving positive impact over the economy of Pakistan.
Addressing inaugural session of a seminar on challenges to the energy sector in Pakistan under the aegis of NEPRA, the Chinese envoy in Islamabad, said that a process of large scale reforms underway in the country.
He highlighted the special importance to reforms for development of the Pakistani economy.
Ambassador Yao Jing said that his country extending cooperation to Pakistan in all sectors, especially in the energy sector.
He vowed to fulfill the China’s promise with regard to the flagship CPEC project.
The China-Pakistan Economic Corridor is a project for changing the destiny of the region, the Chinese ambassador said.
Speaking on the coronavirus outbreak in China, Mr. Yao Jing said that the situation was improving in the country. He said his country was succeeding to control and treat the lethal virus.
Earlier, chairman CPEC Authority, Lieutenant General (retd) Asim Saleem Bajwa said in the seminar that work on the second phase of the CPEC has begun and the coronavirus outbreak has not halted progress on the CPEC.
Meanwhile, addressing in Energy Seminar, Chairman China-Pakistan Economic Corridor (CPEC) Authority, Lieutenant General (retired) Asim Saleem Bajwa has said on Monday that work on the second phase of the CPEC has begun and underway at full swing.
Asim Saleem Bajwa said coronavirus has not halted progress on the CPEC. “Development work is underway at full space.”
The CPEC chairman said the need of energy are increasing with every passing day and arrangements have been put in place to cater country’s energy needs under CPEC umbrella.
He said with the completion of Karachi-Peshawar motorway, the travel distance between both the provincial capital cities will be shrunk upto 50 per cent.
Soon the development will be witnessed at the western route of the CPEC. Lt. Gen retired Asim Saleem Bajwa said matters related to exploration and transportation of coal from Thar have been finalised sooner cheaper electricity will be generated.
Last month, China hailed Prime Minister Imran Khan’s remarks about the China-Pakistan Economic Corridor.
In a statement, the Chinese foreign ministry had said since the launch of the CPEC, significant positive progress has been made. It said at least 32 projects have yielded early harvests, playing an important role in promoting Pakistan’s economic and social development and improving people’s well-being.