Islamabad: On 17th September, the Federal Minister for Economic Affairs Khusro Bakhtyar revealed that the government has sped up the work for the development of multiple socio-economic projects and special economic zones (SEZs) under the China-Pakistan Economic Corridor (CPEC) initiative.
The CPEC projects, initiated in the year 2013, are targeted to create the needed infrastructure to strengthen the economy and create employment and economic activities in underdeveloped areas of Pakistan.
The government had a meeting with the Chinese ambassador to Pakistan Jao Jing. The information about CPEC’s development was revealed by the Federal Minister.
Commenting on the progress, the official said that the development work on a number of CPEC projects were either nearing their end or had already been completed.
During that meeting, Minister Bakhtyar went onto explaining the importance of these projects by saying that CPEC represented the “symbol of strategic and economic partnership” between Pakistan and China. The projects under CPEC will equally benefit the economies of both countries .
Ambassador Jing’s role was widely appreciated by the minister. The official said that he has made key contributions into strengthening the relationship between Pakistan & China. He also commended China’s efforts for restoring economic stability, infrastructural facilities, and security for Pakistan by strengthening socio-economic activities.
If you’re interested in the infrastructure development in Pakistan, you might want to read about the Ring Road Project in Islamabad, and its progress.