AGL 40.00 Decreased By ▼ -0.01 (-0.02%)
AIRLINK 127.04 Decreased By ▼ -0.95 (-0.74%)
BOP 6.67 Increased By ▲ 0.07 (1.06%)
CNERGY 4.51 Decreased By ▼ -0.09 (-1.96%)
DCL 8.55 Increased By ▲ 0.07 (0.83%)
DFML 41.44 Decreased By ▼ -0.04 (-0.1%)
DGKC 86.85 Increased By ▲ 0.27 (0.31%)
FCCL 32.28 Increased By ▲ 0.14 (0.44%)
FFBL 64.80 Decreased By ▼ -0.62 (-0.95%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 Decreased By ▼ -0.92 (-0.83%)
HUMNL 14.68 Decreased By ▼ -0.07 (-0.47%)
KEL 5.05 Decreased By ▼ -0.08 (-1.56%)
KOSM 7.46 Increased By ▲ 0.34 (4.78%)
MLCF 41.38 Decreased By ▼ -0.27 (-0.65%)
NBP 60.41 Increased By ▲ 0.32 (0.53%)
OGDC 190.10 Decreased By ▼ -4.59 (-2.36%)
PAEL 27.83 Decreased By ▼ -0.12 (-0.43%)
PIBTL 7.83 Decreased By ▼ -0.17 (-2.13%)
PPL 150.06 Decreased By ▼ -1.11 (-0.73%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 Increased By ▲ 0.07 (0.44%)
SEARL 86.00 Increased By ▲ 7.80 (9.97%)
TELE 7.71 Increased By ▲ 0.32 (4.33%)
TOMCL 35.41 Decreased By ▼ -0.26 (-0.73%)
TPLP 8.12 Increased By ▲ 0.21 (2.65%)
TREET 16.41 Increased By ▲ 0.52 (3.27%)
TRG 53.29 Increased By ▲ 0.53 (1%)
UNITY 26.16 Decreased By ▼ -0.39 (-1.47%)
WTL 1.26 Decreased By ▼ -0.01 (-0.79%)
BR100 9,884 Decreased By -36.4 (-0.37%)
BR30 30,600 Decreased By -151.5 (-0.49%)
KSE100 93,355 Increased By 130.9 (0.14%)
KSE30 28,931 Increased By 46 (0.16%)

BEIJING: Chinese foreign ministry spokesperson said on Wednesday that seven years after the launch of China Pakistan Economic Corridor (CPEC), major progress had been achieved with many projects started or completed bringing more than $25 billion of direct investments to Pakistan.

During his regular briefing held here, Wang Wenbin particularly mentioned the completion and inauguration of Orange Line Metro Line (OLMT) in Lahore, which was first electricity-run public transport project.

Last month as an early harvest project, the Orange Line was made operational marking the beginning of the subway era for Pakistan, he said. The spokesperson said the projects completed under the CPEC, a pilot project of the Belt and Road Initiative (BRI) launched by China under the dynamic leadership of President Xi Jinping, had enhanced infrastructure and power supply in Pakistan and created employment opportunities for the locals and contributed towards the growth of GDP.

Those projects enhanced infrastructure and electricity supply in the country and created more than 70,000 direct positions and contributed 1 to 2 percentage points of the country’s GDP growth, he added.

Giving example of Afghanistan which was importing food and other essential items from the Gwadar port, he noted that the CPEC had not only promoted development in the two countries but also helped regional connectivity and prosperity.

“Gwadar port, since first half of this year, started shipping cargo, weighing about 20,000 tons that carried wheat, sugar and fertilizers to Afghanistan. This created about 1,000 jobs,” he added.

Reiterating support to the flagship project which was launched after the consensus of the leaderships of the two countries, he said, China’s support to CPEC would continue as two countries would work together to implement our leaders’ consensus.

Existing programmes were focusing more on cooperation in livelihood, industry and agriculture to change the CPEC into a demonstration project of high quality BRI development and to bring more benefits to our two countries and the region, he added.

Appreciating the positive remarks made by Pakistan’s top leaderships towards the CPEC projects, spokesperson said, “We have noted the remarks about CPEC which is an important pilot project and flagship projects of China-Pakistan cooperation and BRI development,” he said.

Last month, China had lauded President Dr Arif Alvi’s remarks about the CPEC and terming it as a visionary pilot project of Belt and Road Initiative (BRI).—APP

Comments

Comments are closed.