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Tuesday, July 16, 2024

Abdul Razak Dawood: CPEC moving into new phase of industrialization

Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood has said that the CPEC is entering into a new phase of industrialization

Adviser to the Prime Minister on Commerce and Investment, Abdul Razak Dawood, has announced that China Pakistan Economic Corridor (CPEC) is moving towards a new direction in industrial and agriculture development.

He said this while addressing the first meeting of the recently re-constituted China-Pakistan Economic Corridor Business Council in Islamabad.

The Adviser said that the government intends to facilitate its utmost ability to establish large-scale manufacturing units and information technology zones in the CPEC.

He also explained that efforts are being made to further increase Special Economic Zones’ efficiency by placing one window operation matching top global practices.

China congratulated the winners of awards of employees working on the CPEC projects, including Gwadar port, energy, and infrastructure projects.

Read more: PM Imran Khan gives directives to speed up countrywide CPEC projects

They were awarded in recognition of their contributions to the vital projects despite the challenge of the Covid-19 pandemic. The awarding ceremony was held online yesterday.

Wang Wenbin, the spokesperson of the Chinese Foreign Ministry, also said that the CPEC is an important pilot project of the Belt and Road Initiative.

China will work together with Pakistan to build CPEC.

Since its launch in 2013, it has maintained a positive development momentum, making concrete contributions to Pakistan’s national development and regional connectivity.

China will work together with Pakistan to build CPEC into a demonstration project of high-quality BRI development and deliver greater benefit to the people in both countries and the rest of the region, the spokesperson added.

Read more: Pakistan remains fully committed to CPEC: Pakistan’s Foreign Secretary

Addressing the event through video link, Chinese Ambassador Nong Rong said that the CPEC projects had achieved major progress despite the adversity challenge brought by the COVID-19 pandemic.

He said that outstanding representative of Pakistani staff in all fields of CPEC cooperation and demonstrate the diversification of China-Pakistan cooperation in the new era, he added.

GVS News Desk