Chi­nese in­vestors visit Gwadar, dis­cuss projects un­der CPEC

The Pak Banker - - NATIONAL -

Of­fi­cials from the Chi­nese De­vel­op­ment Bank and the Cen­tre of So­cial and Eco­nomic De­vel­op­ment Re­search vis­ited Gwadar and in­spected the port city for a pos­si­ble in­vest­ment un­der the China-Pak­istan Eco­nomic Cor­ri­dor (CPEC).

Chair­man Gwadar Port Au­thor­ity (GPA), Dostain Khan Jamal­dani, along­side the Di­rec­tor Gen­eral of Gwadar De­vel­op­ment Au­thor­ity, Sa­j­jad Hus­sain, wel­comed the two Chi­nese del­e­ga­tions and gave a briefing on the projects cur­rently un­der work. The Chi­nese del­e­ga­tions were led by the Vice Pres­i­dent of China's Cen­tral De­vel­op­ment Bank, Xaio Mingzheng and the Chief of the Cen­tre for So­cial and Eco­nomic De­vel­op­ment Re­search, Duan Linyun.

The of­fi­cials from China vis­ited the Port Civic Cen­tre, Gwadar Free Trade Zone, Gwadar De­vel­op­ment Au­thor­ity and Gwadar Port Com­plex. The team from China Cen­tral De­vel­op­ment Bank voiced their in­ter­est to­wards in­vest­ing in Gwadar and the projects that are un­der the do­main of CPEC.

Pre­vi­ously, the ex­ec­u­tive sec­re­tary of the United Na­tions (UN) Eco­nomic and So­cial Com­mis­sion for Asia and the Pa­cific (ESCAP), Dr Shamshad Akhtar, had praised the ini­tia­tives taken by the fed­eral govern­ment through projects like CPEC to bring eco­nomic pros­per­ity in Pak­istan.

The UN of­fi­cial stated that projects like CPEC and the Turk­menistanAfghanistan-Pak­istan-In­dia (TAPI) gas pipe­line will en­sure a bet­ter liv­ing stan­dard for the peo­ple in the re­gion and will bring eco­nom­i­cal de­vel­op­ment in Pak­istan. She also praised the ef­forts made by Prime Min­is­ter Nawaz Sharif to bring an eco­nom­i­cal change in the coun­try through his ef­forts since he took charge of the of­fice in 2013.

Dur­ing a meet­ing with the Prime Min­is­ter, Dr Shamshad Akhtar stated that through CPEC, Pak­istan will en­hance its re­gional sta­bil­ity. She added that Pak­istan's econ­omy needs an up­lift which will be trig­gered through such projects in the long run (CPEC). Prime Min­is­ter Nawaz Sharif stated that the fed­eral govern­ment has helped Pak­istan to come out of the eco­nom­i­cal cri­sis that it faced when the govern­ment took charge in 2013.

He also said that the law and or­der sit­u­a­tion in Pak­istan has im­proved im­mensely due to which Pak­istan is viewed as a 'dif­fer­ent' coun­try as it was viewed a few years ago. "Our govern­ment has pulled the coun­try out of nu­mer­ous crises and to­day Pak­istan is viewed as a dif­fer­ent coun­try from what it was a few years ago." said the PM.

More­over, talk­ing on CPEC, Maulana Haideri said that the pro­ject has the ca­pa­bil­ity to change the des­tiny of the peo­ple of Balochis­tan. He added that through CPEC, Pak­istan will greatly im­prove its im­age in the world. He warned the provinces over the in­creas­ing con­spir­a­cies be­ing crafted by the neigh­bor­ing states against the im­ple­men­ta­tion of CPEC in Pak­istan.

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