CPEC vital to Pakistan’s economic future: Haque

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BEIJING (Reuters) – Pakistan’s Ambassador to China Moin ul Haque said the China-Pakistan Economic Corridor (CPEC) will play a vital role in the country’s future economic development, with the port of Gwadar as its main feature.

“CPEC is one of the most important flagship projects of the five corridors launched under the Belt and Road Initiative. Half of its projects have already been completed,” he said in a statement. an interview. The Ambassador said that under the first phase of CPEC, several major energy projects including hydroelectric, wind and solar projects have been executed.

“The second component of CPEC is infrastructure, highways, waterways and bridges, which have been built across Pakistan, improving communications and road infrastructure,” he added.

The important part of the physical infrastructure was to establish the optical fiber link from the Chinese border to Pakistan to help the communication network, he said, adding that the third important part of the first phase was the port of Gwadar, which is almost complete and functional. Regarding other infrastructure projects, he said that the East Bay Express had been inaugurated and work was underway on an international airport.

Regarding the establishment of a special economic zone in Gwadar, he said, a large number of Chinese companies set up their business there.

The country is entering phase two, which is even more important and focuses on industrialization, agriculture, social welfare of the population, poverty reduction and green economy. “We also recently launched a China-Pakistan healthcare corridor, a digital corridor, a green corridor.”

Under the Green Corridor, the country focuses on agriculture and food security, while in the Digital Corridor, it benefits from China’s experience and expertise in the technology sector and industry. some information.

“The government is developing special economic zones and encouraging the relocation of Chinese industries to Pakistan not only to help the domestic market, but also for the region and to export to other countries,” he added.

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