Joint venture of Chinese technology, Pakistani labour to be a win-win situation

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PM interview with the representatives of Chinese media

Prime Minister Muhammad Shehbaz Sharif Tuesday said that the joint venture of Chinese industry and technology with Pakistan’s labour and investment would create a win-win situation for the two countries by boosting their production and exports to the world.

The prime minister, in an interview with the representatives of Chinese media, said both the countries were moving toward the second phase of the China-Pakistan Economic Corridor (CPEC) which comprised regional cooperation and industrialization through establishing the industrial zones.

He said Pakistan’s skilled and semi-skilled labour was comparatively cheaper and the joint venture of Chinese technology and Pakistan’s labour and investment would help the two countries make production at competitive rates and export their products to other countries.

He said the first phase of the CPEC featured road and energy projects to meet Pakistan’s power needs which transformed friendly relations into unique ones where people-to-people contacts had seen a new phase.

He said when the CPEC agreement was signed between President Xi Jinping and that time Prime Minister Muhammad Nawaz Sharif, Pakistan was faced with crippling load shedding. However, two years after the launch of CPEC projects, the country had been able to overcome the situation. He said Pakistan and China enjoyed time-tested friendship which had attained more heights under the leadership of President Xi Jinping. He said Chinese president’s vision and dynamism offered an opportunity to attain progress, peace and prosperity, not only to Pakistan but the world. He said in form of CPEC, Pakistan had been the first beneficiary of the Belt and Road Initiative of President Xi.

Coming to Gwadar Port, he said it was a gigantic project to benefit the entire region including Afghanistan, Iran and Gulf nations besides China and Pakistan.APP