PM calls ‘CPEC-century’s opportunity’ with rapid economic growth in focus

Business Oct, 31 2023
PM calls ‘CPEC-century’s opportunity’ with rapid economic growth in focus
  • 183
  • 0

ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar termed China-Pakistan Economic Corridor as ‘once in century-time opportunity’ and said that Pakistan is focusing on project’s second phase to attain rapid economic and industrial growth.

In an interview with China’s Phoenix TV aired, he said CPEC initiated under China’s Belt and Road Initiative had helped Pakistan witness significant development in diverse sectors.

He mentioned that China’s Urumqi and Pakistan’s northern Gilgit-Baltistan had huge prospects for cooperation, particularly in trade and tourism.

He said Pakistan was expecting big economic activity and an influx of tourists between two countries, which he said would bring an improvement to social and economic lives of people.

 “Urumqi could become an opening gateway for us to mainland China. It is win-win situation for both Pakistan and China,” he said.

He mentioned progress in Balochistan after underdeveloped province was integrated through CPEC projects. On significance of BRI, Kakar said unique opportunity and transformation would not be restricted to Pakistan but would spread to region with development of north-south roads and rail and road networks.

PM Kakar said during his visit to China, he was “Utterly and completely mesmerised” by impressive journey of progress made by China.

“Pakistan and China are intertwined. Though two different countries, but one nation moving in same direction,” he said. On cooperation with China in green energy to combat climate change, he highlighted that Pakistan was one of worst victims of natural disasters and would take it to various multilateral forums of world and China.

“Climate change will determine our policies being an exponential threat to country and region. We cannot respond in isolation,” he said.

About rise of China seen as threat by some countries, he said no power on earth could undo emerging power. “Correct approach to handle is to cooperate with China rather than to contain it,” he said.

On relations with United States, PM Kakar said cooperation in areas of security and counter-terrorism continued as Pakistan was committed to fighting terrorism and extremism.

Asked about prospects of improvement in ties with India, he said Pakistan had very deep and complex challenges from Indian side despite constant efforts for peace. “Peace seems to be an elusive idea from other [India] side,” he said.

He said Pakistan would not miss if there was any opportunity for improvement in relations with India, however, stressed that without resolution of issue of Jammu and Kashmir, dialogue or normal trade activity was “Unthinkable”.

On role of international community in settlement of Jammu and Kashmir issue, he said, “World needs to prioritise moral principles rather than its self-centered strategic interests.”

On situation in Gaza, he called for an immediate ceasefire and said that “Utterly unacceptable violence be treated as war crimes”. He stressed creation of an unhindered humanitarian assistance corridor to Gaza to ensure supply of essentials including food and medicines.

Published in The Daily National Courier, November, 01 2023

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.

Our Correspondent
Our Correspondent https://www.dailynationalcourier.com/author/our-correspondent
Daily National Courier is a leading morning English newspaper of twelve pages covering all international and national political developments on 24/7 basis.

NC Big Stories

Registrar Cooperative Societies failed Auditing Karimabad Society accounts before SHC

KARACHI: With reference to Google search “A forensic audit is a detailed examination of a person's or organizations financial records to uncover any illegal activity or irregularities. The term ‘forensic’ means that the audit can be...

Pakistan secures 4th consecutive win in United Baseball Arab Classic, defeated Afghanistan by 17-3

Dubai: Team Pakistan Secured 4th Consecutive Win in United Baseball Arab Classic by defeating Afghanistan17-3 and   focused Eyes on Championship Trophy Under the leadership of Syed Fakhar Ali Shah.Earlier Pakistan defeated India also by 12-0 one...

PM Shehbaz congratulates Pakistan team on victory against Australia

Islamabad: The Prime Minister of Pakistan Shehbaz Sharif extended his heartfelt congratulations to the national men’s cricket team over the historic ODI series victory against Australia. Pakistan, under newly-appointed captain Mohammad Rizwan,...

Pakistan secure historic ODI series victory in Australia

PERTH: A combined team effort under newly-appointed captain Mohammad Rizwan steered Pakistan to their first ODI series victory in Australia since 2002 as they won the third ODI by eight wickets here at Perth Stadium on Sunday. Pakistan staged an imp...

More like this
Related

PM Shehbaz invites Qatari investors to explore Pakistani sectors

Doha: Prime Minister Shehbaz Sharif invited Qatari investors to explore Pakistan’s various economic sectors during his official visit to Gulf country. After securing investment pledges worth $ 600 million during his Saudi Arabia trip, he is in...

FBR increases property valuations in 56 cities

The Federal Board of Revenue (FBR) has raised property valuation rates for immovable properties in 56 cities. According to details, the FBR jacked up the property valuation rates by 75% of the actual market rates starting November 1, 2024. This decis...

Pakistan Railways faces 130pc surge in bogies’ import cost

ISLAMABAD: Amid strong objections from ministries of Finance and Planning, Pakistan Railways is seeking 130 percent increase in procurement cost of around 1,050 bogies to Rs 71 billion mainly because of currency depreciation and change of specificati...

Rupee records marginal decline against dollar

KARACHI: Rupee registered marginal decline against dollar, depreciating 0.02 percent in interbank market. At close, domestic unit settled at 277.74, loss of 0.06 paisa against greenback. In interbank market bid rate for dollar was to Rs 277.74 and f...
Need Help? Chat with us