CPEC projects yielding tangible benefits: ministry

Responding to the statement of US Acting Assistant Secretary of State Alice Wells on CPEC, spokesperson of Ministry of Planning, Development and Special Initiatives has said that CPEC project under the overarching umbrella of BRI is a well thought-out initiative involving mega development projects for the economic and social development of Pakistan.

The projects completed so far in Phase-1 have already brought relief and started yielding dividends and tangible socio-economic benefits, said a press release issued here on Thursday. The CPEC projects will accelerate the pace of development in the country, boosting economic growth and ensuring ultimate prosperity for the people of Pakistan.

Pakistan being a sovereign state exercises the right to choose economic partners from around the globe on mutually beneficial basis. All related projects are being pursued as per laws and regulations of Pakistan and through an institutional mechanism wherein transparency is a priority consideration. Necessary due diligence with all financial implications is being undertaken before finalization of any project. Pakistan's debt sustainability strategy has an endorsement of international financial institutions, it added.-PR