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Investment under CPEC to be free from debt implication: Ahsan Iqbal

Latest Update: December 18, 2015 | 442 Views
Ahsan Iqbal

ISLAMABAD: Minister for Planning and Development Ahsan Iqbal says eighty percent investment under China Pakistan Economic Corridor will come through private sector with no debt implication on national economy.

Addressing a conversation on the ‘Promise of China-Pakistan Economic Corridor’ in Islamabad, he said the projects will lead to rapid socio-economic uplift of the region.

He said forty-six billion dollars CPEC project is not a grant or any part of budgetary support programme of the government, but it is a project based initiative of both the countries.

The minister said out of the total investment, thirty-eight billion dollars will be spent on energy related projects.

Ahsan Iqbal said energy projects have been designed by focusing on coal and hydro electricity generation potential of the country.

He said Gwadar Port is the second main component of the project, which will make Balochistan a hub of commercial activities.