Islamabad, June 30, 2014 (PPI-OT): Pak-China economic corridor would empower half of the world’s population living in Asia, by developing special trade routes between China and Pakistan.
It was stated by Mr. Shah Faisal Afridi President Pak China Joint Chamber of Commerce and Industry (PCJCCI) today while appreciating present government’s endeavours in implementing the Pak China Economic Corridor project. Faisal Afridi said that, Economic Corridor is the most important agreement signed between Pakistan and China till now.
Terming the Pak-China economic corridor as the future of the world, Shah Faisal Afridi said that 3 billion people from China, South Asia and Central Asia, would be benefited from this economic corridor. He urged government to implement this project in a way that population of Pakistan at large is benefitted.
Faisal Afridi appreciated the deep interest taken by the Nawaz government in accomplishment of the Corridor project and said that Pakistan’s prosperity is no more a longer journey as the current leadership is working diligently on such projects whose outcomes would be visible and bright in a shorter period of time. Recently China has commissioned a preliminary research study to construct an international rail link connecting its province Xinjiang’s border to Pakistan.
According to Chinese officials, this new rail link, which runs through the Pamir Plateau and Karakorum mountains, will be one of the hardest to build. The proposal, when implemented, “will re-open the economic artery blocked for years he added.
President PCJCCI disclosed that the federal government had announced six development schemes costing Rs130 billion under the Pakistan-China Economic Corridor, marking the beginning of a process that will transform the country into a transit hub for the second largest economy of the world.
The reason behind this vital importance is that 60 percent of oil is being imported from gulf countries that reaches China after covering the distance of 16,000 KMs, he said adding that after the completion of Gawadar port project, the distance will reduce to 2500 KMs only which is, from all aspects, more safe and feasible.
Afridi affirmed that in the rapidly changing geo-strategic and security environment, both countries are likely to face many regional and global challenges.
The need of the hour is that, leadership of both countries should work hands in gloves for cementing the traditional Sino-Pak relationship with an exclusive focus on the economic corridor project that would bring economic prosperity for Pakistan and underdeveloped western region of China as well, he said.
For more information, contact:
Pakistan China Joint Chamber of Commerce and Industry (PCJCCI)
Mega Tower, 309 – 6th Floor,
Main Boulevard, Gulberg II,
Lahore, Punjab – Pakistan.
Tel: +92 42 35777460- 02, 37032203 – 35874353
Fax: +92 42 35777524
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