Pakistan to establish a trade bond among South, Central Asia and China via CPEC: Ahsan Iqbal

BEJING: Minister for Interior and Planning, Development & Reform, Ahsan Iqbal said on Wednesday that completion of China Pakistan Economic Corridor (CPEC) would revolutionize trade ties between the Asian States by linking South, Central Asia and China.

He expressed these views while meeting with Meng Fengchao, Chairman China Railway Construction Corporation here.

He maintained that both sides reviewed progress on CPEC infrastructure projects including up gradation of Pakistan Railway’s ML-1 project.

On the occasion, Ahsan Iqbal told that linking Gwadar with rest of the country and establishment of rail links from Quetta to Peshawar were prioritized projects. Infrastructure projects would transform these remote areas into new urban centers, ensuring inclusive growth across Pakistan, he added.

Ahsan Iqbal stressed on China Railway to ensure participation of Pakistani institutions in Infrastructure projects. “China Railway Corporation should utilize existing industrial base and local production capabilities in railways and infrastructure projects” maintained the minister.

China Railway Construction Corporation guaranteed to work in collaboration with Pakistani institutions and organizations. It was assured that Pakistani engineers would be given priority in every stage of the projects. It was highlighted that Chinese side would work in line with Vision 2025 and CPEC Long Term Plan.

The minister maintained that Pakistan and China have agreed to upgrade and dualize Pakistan railway’s main line (ML-1) from Karachi to Torkham which would support to run fast moving trains in future.

First phase of the project is expected to hit the ground this year. The up gradation of the ML1 would not only improve existing railway infrastructure but would double the current speed, facilitating huge cargo transportation.

Earlier, addressing CEO’s Forum at Boao Forum in China, Ahsan Iqbal on Monday said that CPEC is proving to be oxygen for Pakistan as the country’s economic growth increased due to huge investment being made in infrastructure and energy sector under the mega project.

He said that there is broad consensus among all groups and political parties in the country to ensure success of CPEC.

Under CPEC, nine industrial zones were being constructed across the country which will create numerous new jobs, he added.