ISLAMABAD: Minister for Planning Development and Reform Ahsan Iqbal stated on Thursday that within just two years since the launch of the China-Pakistan Economic Corridor (CPEC) the Asian giant has become the highest contributor to the country’s foreign direct investment portfolio.
Speaking at the “Belt & Road” CPEC and Construction Cooperation Forum in Beijing, he reaffirmed Pakistan’s resolve and commitment to the $46 billion deal, adding that the Prime Minister was personally supervising implementation of the projects.
“Pakistan is emerging as a much sought-out investment destination owing to the economic reforms undertaken by the government,” said Iqbal.
“Around 10,000 MW of electricity will be added by 2018 and an additional 15,000 MW by 2025,” he said, adding that the government was building new dams, including Diamer Bhasha Dam to overcome food security.
“The modern transport infrastructure under CPEC would make Pakistan’s economy competitive; with Western and Eastern routes linking all regions with China.”
Iqbal added that China’s technology and experience combined with location and low cost advantage of Pakistan will create world class production platform.
The event was organised by Pak-China Investment Company, Frontier Works Organisation (FWO) and China International Contractors Association and the Embassy of Pakistan in Beijing.
The signing of an MoU of collaboration between Pak-China Investment Company, Frontier Works Organization (FWO) and China International Contractors Association was also held during the seminar. The event was attended by around 200 participants of top Chinese and Pakistani companies.