As a pilot project for China’s Belt and Road Initiative, the China-Pakistan Economic corridor (CPEC) sets an example for other countries and regions along the route, showing that joining the initiative is beneficial for regional connectivity and economic prosperity, Chairman, China-Pakistan Friendship Association, Sha Zukang said here on Thursday.
Ahead of the Belt and Road Summit, scheduled to be held here from May 14-15, he said in an interview that the benefits to Pakistan are numerous.
“In recent years, the GDP growth in Pakistan maintained a robust rate of four percent, and many of my Pakistani friends attribute it to the establishment of the CPEC,” he added.
He said the CPEC has been hailed as a “game-changer” for the country’s economy, adding, at the time when the CPEC was initiated, Pakistan was not an attractive destination for foreign investment due to its slow economic growth.
Sha Zukang opined that the construction of the CPEC has reversed the trend and presented global investors with a brand-new image of the country.
Other benefits include improved infrastructure, reduction of energy shortages and creation of jobs, he said and added, more than 13,000 Pakistani nationals are involved in projects under the CPEC.
He said, the Gwadar Port project is also estimated to provide hundreds of jobs in the next few years..