China’s vi­sion be­hind re­gional up­lift ini­tia­tive, CPEC hailed

Pakistan Observer - - ECONOMY WATCH -

AMANULLAH KHAN KARACHI—China’s com­mit­ment to ac­cel­er­ate eco­nomic growth in the whole re­gion, through the de­vel­op­ment of a 21st cen­tury Mar­itime Silk Road, en­com­pass­ing a modern trade and in­fra­struc­ture net­work, along the an­cient ‘Eco­nomic Belt’, which con­nects Asia with Europe and Africa to cover about 4.4 bil­lion peo­ple in more than 60 coun­tries has geared up the trade and in­dus­try with a re­newed zeal har­ness a rich crop by in­vest­ing in dif­fer­ent sec­tors of the econ­omy in Pak­istan.

The ‘All Pak­istan Busi­ness Fo­rum’ (APBF) has hailed the re­gional de­vel­op­ment ini­tia­tive of China, which also in­cludes the China-Pak­istan Eco­nomic Cor­ri­dor (CPEC) project. This large-scale ini­tia­tive will ef­fec­tively serve the long-term eco­nomic in­ter­ests of sev­eral coun­tries in the re­gion, in­clud­ing Pak­istan. APBF has ap­plauded the re­cent state­ment given by the Chi­nese Pres­i­dent Xi Jin­ping, while he was ad­dress­ing the mem­bers of the ‘Com­mu­nist Party of China’ (CPC). Xi fur­ther stated that; “China’s ‘One-Belt Ini­tia­tive’ will serve the long-term eco­nomic in­ter­ests of China, be­sides giv­ing more con­sid­er­a­tion to the in­ter­ests of other coun­tries too. He urged the Chi­nese en­ter­prises op­er­at­ing in for­eign coun­tries to en­rich their rep­u­ta­tions as lawabid­ing and re­spon­si­ble en­ti­ties, while they strive for faster busi­ness progress.

The Pres­i­dent of APBF Ibrahim Qureshi said, “We ap­pre­ci­ate China’s ro­bust in­vest­ment plans and Trans-na­tional ini­tia­tive for boost­ing cross-bor­der trade ac­tiv­i­ties. This pi­o­neer­ing ven­ture, in­clu­sive of the CPEC project, prom­ises to bring great en­rich­ments to the le­gendary trade-route that has his­tor­i­cally nur­tured po­lit­i­cal, cul­tural and busi­ness re­la­tions all over the re­gion. It in­spires new pos­si­bil­i­ties to set up in­dus­trial sites and en­ergy projects, along this new rail and roads net­work, es­pe­cially in the eco­nom­i­cally de­prived ar­eas”.

The suc­cess of this ini­tia­tive re­lies on stronger col­lab­o­ra­tion of busi­ness com­mu­ni­ties across the borders. APBF will bring in all its re­sources and abil­i­ties to en­gage vi­tal or­ga­ni­za­tions and en­trepreneurs in the re­gion, to cre­ate ro­bust links, new op­por­tu­ni­ties and mu­tual ben­e­fits. The All Pak­istan Busi­ness Fo­rum (APBF) is a vi­brant busi­ness as­so­ci­a­tion which pro­motes and pro­tects the in­ter­ests of the busi­ness com­mu­nity and in­dus­tries in Pak­istan. It also ad­vises the govern­ment on; pol­icy for­mu­la­tion, reg­u­la­tory re­align­ments, eco­nomic re­forms and im­ple­men­ta­tion.

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