ISLAMABAD: Federal Minister for Planning and Development Ahsan Iqbal on Wednesday said that the Pak-China Economic Corridor (PCEC) project would bring economic revolution in the region.
Chinese Companies were investing in energy sector of Pakistan by using their resources and government has taken no loans in this regard, he added.
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He was addressing the launching ceremony of Pak-China Economic Corridor Council (PCEC) here. The event was attended by Chinese Ambassador to Pakistan Sung Weidong, Chief Minister Baluchistan Abdul Malik Baloch, Chairman PCECC Senator Talha Mahmood and many members of Parliament and representatives of civil society from all provinces.
The aim to set up the council is include supporting the successful execution of Pak-China projects, strengthening the relationship between countries, promoting cultural and tourism programs and coordination between chambers of commerce etc. Speaking to the participant, Ahsan Iqbal said Gwadar Port would operate as a Gate Way of trade for the three billion people of the region.
The PCEC was not a bilateral project, the minister said, adding that three Asian economic engines including the South Asia, Central Asia and Middle-East would get benefits from the project.
He said that the Chinese investment in energy sector and infrastructure would also provide the immense opportunities to all provinces of Pakistan.
Ahsan said that some elements in the country were spreading doubts with regard of Pak-China economic cooperation for their personal interests. He said that Pakistan and China were enjoying the best relation of the history. S
peaking at the occasion, Chinese Ambassador to Pakistan Sun Weidong extended his gratitude to set up PCECC, saying such activities would bring more momentum in economic corporation of both countries.
He hoped that the cooperation between Pakistan and China would expand to agriculture and poverty alleviation programs etc. He said the PCEC is a comprehensive package that will strengthen the trade, finance ties and people to people contacts between two countries.
He said the China is supporting development in Baluchistan and has also encouraged its companies to invest in the province.
