ISLAMABAD: Minister for Planning, Development and Special Initiatives Ahsan Iqbal has rejected the perception that China’s Belt and Road Initiative (CBRI) is a “debt trap.”
Talking to international media in Islamabad on Wednesday, he said stories are made to create propaganda in global geopolitics of competition.
The minister said wherever BRI has gone; the local people can testify that it has had a very positive impact.
He appreciated China for extending BRI to Pakistan in the shape of CPEC that has given Pakistan a great opportunity in areas of energy, infrastructure, telecommunication, industrial cooperation and in unlocking hidden treasures like the Thar Coal Project.
Iqbal said Gwadar Port City is set to become a major trade and commerce hub in the region with its Free Zone and investment from Chinese companies.
He said goods can be shipped to China through Gwadar in almost one-tenth the distance from the South China Sea.
Copyright Business Recorder, 2023
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