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Initiative to establish a CPEC authority welcomed

  • July 15, 2019
Initiative to establish a CPEC authority welcomed
Image caption Initiative to establish a CPEC authority welcomed

ISLAMABAD - A renowned Economist Mirza Ikhtiyar Baig has said the decision of the government to set up a China Pakistan Economic Corridor (CPEC) Authority to upgrade the existing structure for speedy and focused execution of the projects was a positive move.

According to radio Pakistan, he said the decision would be further strengthening the confidence of Chinese investor and it was a long awaited decision. Many Chinese companies are willing to invest in Pakistan and to investing $5 billion in the country in the next three to five years.

The investment will be made in various small and medium-sized industrial sectors. We must avail the opportunity of foreign direct investment in different projects in Pakistan, he added.

He said there must be business-to-business interactions between China and Pakistan and this will provide a platform for regular consultation between the government and business community on matters related to private sector investments and push forward industrial cooperation under CPEC.

Another Economist Dr.Noor Fatima said the role of media in highlighting the importance of China Pakistan Economic Corridor project is vital as it is a flagship program for the future of our country. Many countries are willing to be part of this mega project, she added. She said this project should not be politicized as it is a national project that will have a positive impact on the economy of our country. Pakistan is rightly focusing on attracting foreign investment under CPEC as it is a big opportunity for stabilization of the economy, she said. The government should also focus on training for productive and skilled labors, she added.

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