Minister: (Pak-China Economic Corridor to boost economic growth, alleviate poverty in Pakistan, says minister)

March 31, 2015 Off By Web Desk

ISLAMABAD: A Chinese delegation, headed by China Council for International Investment Promotion Deputy Secretary General, Counsellor Yuan Jianmin, here on Wednesday called on the Federal Minister for Climate Change, Senator Mushahid Ullah Khan at his office.

Mr. Yuan Jianmin briefed the federal minister about progress regarding the 3,000-kilometer long Pak-China Economic Corridor (PCEC) project and highlighted how important the corridor is for not only the economic growths of Pakistan and China but also the region.

Senator Talha Mahmood was also present during the meeting, who also shared his views about various aspects of the Pak-China Economic Corridor project, particularly its economic importance.

According to a press release, PCEP project, will start in China’s western region of Xinjiang and run to Gwadar, a Chinese-funded port on the Arabian Sea, is the country’s biggest road project recently launched by the government.

Yuan Jianmin told the minister that PCEP will economically upgrade the bordering poor regions of both the countries by connecting Gwadar Port in southern Pakistan to China’s north-western region of Xinjiang via highways, railways and pipelines to transport oil and gas.

Jianmin said that the idea of connecting different countries of this region economically with one common route was quite old. Different programs had been appearing by different regional players at different times.

The minister Mushahid Ullah Khan assured his all-out support for the actualization of the corridor project and contribute his role in this regard.

Both sides also discussed at length various measures for increasing focus on regional economic integration, boosting the Sino-Pakistani friendship between the Karakoram Highway to promote and enhance trade between China & Pakistan and deepen all-round cooperation between China and Pakistan and to further consolidate and expand bilateral relations.

Underlining the advantages of the Pak-China Economic Corridor , the federal climate change said that the Pak-China Economic Corridor is a revolutionary initiative, which holds unprecedented significance in view of the socio-economic development in Pakistan and China and the region. He said there is serious need for bringing this project to timely completion, so that the people of the both countries will benefit from the project.

“Functioning of the corridor will open new vista of development prosperity as a result of which the national economy will grow fast, lead to creation of new job opportunities, poverty reduction, development of transportation sector and boost industrial growth,” the minister opined.

Meanwhile, Yuan Jianmin also told the minister Mushahid Ullah Khan, “Finally Chinese President Xi Jinping presented ‘One Belt, One Road’ initiative, which was the establishment of New Silk Road Economic Belt and the Maritime Silk Road to boost global peace and development through intensive physical and other forms of connectivity as well as cooperative ties between China and the countries across Eurasia, Africa and beyond.”

Jianmin, who is an honorary visiting Professor of NUML, holds portfolios of Deputy Secretary General, China Council for International Investment Promotion, Executive Director and MD Sinotrans and CSC Xinjinag Co Ltd., Standing Vice Chairman of Xinjiang Institute of Foreign Affairs and Vice Chairman of Xinjiang International Chamber of Commerce, China.

Pakistani and Chinese leadership had held number of meetings and reached an understanding for the investment of more than billions of dollars to facilitate road and railway links between China and Pakistan, energy and power provision, development of telecom, trade, livestock, coal and hydro power sectors, export of sea food to China and many other products between the two brotherly countries.

Jianmin told that high officials of Xinjian province are eagerly waiting for the establishment of English Medium School at Urumqi by NUML as it will be another symbol of Pakistan-China’s friendly relations.

He said that NUML’s Chinese and Confucius Departments are contributing a lot in promoting cultural and academic exchanges between both countries but the establishment of the school will provide an opportunity to population of Xinjiang, which comprises of 30 different races, to have interaction and connection with their Pakistani brothers.

He further said that President of China Hu Jintao, metaphors Pakistani-China relations as Good Neighbours, Good Partners, Good Friends and Good Brothers. History is full with incidents, where Pakistan and China stood by each other in adverse times and now both are contributing in each other’s economic, geographic, and strategic wellbeing, he added.

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