INP-WealthPk

PM’s “Highly Successful” China Visit to Expedite CPEC-Related Projects

March 10, 2022

By Karim Madad ISLAMABAD, Mar 10 (INP-WealthPK): Prime Minister Imran Khan’s recent visit to China to attend the opening ceremony of the Beijing 2022 Winter Olympics would not only help further strengthen strategic relations between the two countries, but also accelerate the China Pakistan Economic Corridor (CPEC) related projects and attract huge private sector investments. Spokesman for Finance Ministry Muzammil Aslam said the prime minister’s visit to China was highly successful. The prime minister during his stay met with China’s top leadership and state and private sector business leaders and discussed with them investment-related opportunities in CPEC-specific projects, especially in Gwadar and Special Economic Zones (SEZs) in Pakistan. He added that Chinese investments during the first phase of CPEC were related to power and infrastructure, and now in the second phase, its focus was on industrial development in Pakistan. He said that it was heartening to note that now after Chinese state sector investments in Pakistan, its private sector has also shown keen interest in industrial development in Pakistan, especially in economic zones. Muzammil Aslam said that the Chinese private sector was now investing in computer chips, petroleum refineries and agriculture inputs. The spokesman added that during the prime minister’s strategic meetings with the Chinese leadership, it was agreed that China would assist Pakistan in resolving its economic difficulties and encourage Chinese private sector to invest in various sectors in Pakistan, which would help create employment opportunities and boost exports. Muzammil Aslam noted that the Chinese leadership during the meetings appreciated Pakistan’s efforts and role in combatting the Covid-19 pandemic.