Pak-China Economic Corridor termed a 'game changer'

Special Assistant to Prime Minister Irfan Siddiqui has termed the Pakistan-China Economic Corridor project a "game changer", saying it is not simply "a road or railway route but a vital concept of development for which the nation will have to take its ownership for its smooth materialisation and completion".
He said, "All the four provincial headquarters are linked to the proposed China-Pakistan Economic Corridor project but doubts are being created, but there should be no confusion about it," he told a gathering at the Nazria-e-Pakistan Trust on Saturday that discussed Chinese president's visit.
He also said the project worth $46 billion would start wherever required but not on the basis of area, province, ethnic and racialism and that consist of 51 agreements entailed numerous long-term (15 years), medium-term (10 years) and short-term (5 years) projects of energy generation, industrial and economic zones, roads network, an airport at Gwadar and other infrastructural development across the country.
He said the projects during the Chinese economy made incredible progress and its foreign exchange reserves now crossed $4,000 billion and that Prime Minister Nawaz Sharif was trying for an early completion and he would hold weekly review meetings to observe the progress.
He earlier told the gathering that the Chinese investment was twice of the total volume of Foreign Direct Investment made in Pakistan since 1947 and that the unjust sit-ins and protest politics had usurped eight precious months of country's development by delaying the Chinese president's visit.
"The Chinese have been waiting for an appropriate leadership in Pakistan to materialise this project, and they gave impetus to their relations with Pakistan soon after the Pakistan Muslim League-Nawaz government came to power in 2013. "The PML-N government succeeded in bringing Pakistan's foreign reserves in double digits to $17 billion today from the inherited $7 to $8 billion," he added.
He claimed that his party-led government would manage to increase the electricity generation capacity up to 10,400 megawatts by completing 14 projects of wind, coal, solar and hydel resources in three years that would help end the power-cuts. "These projects are being executed with the help of Chinese companies," he added. About a statement by the Muttahida Qaumi Movement's chief, he told reporters that it was unfortunate since it hit the country's important institution hard defending the frontiers and playing a prominent role in development.