| Welcome to Global Village Space

Saturday, April 13, 2024

China thanks COAS Bajwa for providing security to CPEC projects

COAS General Qamar Javed Bajwa says that Pakistan remains committed to cooperate with its international partners for peace in the region.

Chinese Ambassador Nong Rong, Wednesday called on Chief of Army Staff (COAS) General Qamar Javed Bajwa here at GHQ and thanked the Army Chief for special measures taken for provision of safe and secure environment to CPEC projects in Pakistan and efforts towards regional stability.

During the meeting matters of mutual interest, regional security situation and measures to further enhance bilateral cooperation were discussed, said an Inter Services Public Relations (ISPR) media release.

The COAS said that Pakistan remained committed to cooperate with its international partners for peace in the region.

Read more: CPEC’s transformational promise for Pakistan

The visiting dignitary also expressed satisfaction over progress on China Pakistan Economic Corridor (CPEC) and reaffirmed the need for timely completion of remaining projects.

Germany, Saudi & UAE to join CPEC

As the China Pakistan Economic Corridor (CPEC), a flagship project under the China’s proposed Belt and Road Initiative (BRI), has created new opportunities for economic growth and stability via a number of projects that are in full swing across the South Asian country, many third-country investors are also showing interest in the project.

Saudi Arabia, United Arab Emirates (UAE) and Germany are among those that have taken moves on the cooperation with Pakistan via the flagship project. As China extends a welcoming attitude toward the investment, it is believed that the CPEC would continue to attract more third-country investors, industry observers told the Global Times.

Saudi Arabia and UAE investments are driven by two major motives, according to Khan. “First it aims to help Pakistan to stabilize its economy. Second purpose is to have upper hand in geo-political chessboard particularly against Iran by investing and giving bailout packages to Pakistan.”

In addition to the two Middle Eastern nations, Pakistan is also becoming increasingly attractive to other foreign investors.

Read more: Is India trying to sabotage CPEC?

Indonesian Ambassador to Pakistan Adam Tugio said in December that a number of Indonesian companies were keen to invest in Special Economic Zones being established under the umbrella of the CPEC.

APP with additional input by GVS News Desk