AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 Increased By 342.7 (3.01%)
BR30 36,377 Increased By 1165.1 (3.31%)
KSE100 109,513 Increased By 3238.2 (3.05%)
KSE30 34,513 Increased By 1160.1 (3.48%)

It is heartening to note that there are strong indications that clearly suggest that the China Pakistan Economic Corridor (CPEC) and the projects under it will no longer suffer slowdown on account of any reason whatsoever.

The arrival of an elected government that has replaced an interim setup will surely help remove all doubts about the future of the CPEC, which is not less than a national cause, so to speak.

It may be noted that the Ministry of Planning, Development and Special Initiatives has given a comprehensive briefing to newly-appointed Minister Ahsan Iqbal on the progress of the China-Pakistan Economic Corridor (CPEC) projects.

What is important to note in this regard are the remarks of the planning minister who has reportedly said that “No further hindrance in the implementation of CPEC agreements will be tolerated.”

During the meeting, the minister reportedly highlighted the importance of the Gwadar Port, a strategic project under CPEC, which is set to become a key maritime gateway connecting Pakistan with the rest of the world.

The development of Gwadar Port and its associated free zone is expected to attract foreign investment, stimulate economic activities, and create job opportunities in the region. He said that Gwadar is the best tourist destination, emphasizing the need for a solid and effective strategy to promote investment in Gwadar.

That the CPEC has unjustly and unfairly suffered slowdown is a fact. The Pakistan Tehreek-e-Insaf (PTI) government (2018-22) was in particular responsible for relegating this project of mega import to backburner to the sheer chagrin of the Chinese government and investors alike.

It is a fact that the then government was never able to justify the inordinate delays that characterized the execution of its projects.

Those delays, in my view, were the result of flawed policymaking processes in Islamabad if anything else. Following the exit of the PTI government in 2022, it was widely speculated that China was behind the downfall of the PTI government.

Such speculations died down as soon as PTI came up with Cipher conspiracy allegations against the US, holding it responsible for tabling of a no-confidence motion against the then prime minister Imran Khan by the opposition that later morphed into a coalition government of Pakistan Democratic Movement (PDM).

Be that as it may, nothing can be supreme than the national interest. The CPEC, in my view, serves the national interest in a big way. Hence the need for pursuing this objective with a lot of seriousness.

Ahmed Bashir Cheema (Lahore)

Copyright Business Recorder, 2024

Comments

Comments are closed.