LAHORE, May 10, 2017: The China-Pakistan Economic Corridor is vital for the economic development of the country and is bound to change the geo-economic balance of the region, Minister of Planning, Development & Reform Ahsan Iqbal said on Wednesday.
“Anti-state elements are propagating against it,” Ahsan Iqbal said, adding that economics not politics was important in the 21st century.
Addressing the seminar, CPEC: Priorities and Challenges organized by the Express Media Group, Ahsan said that we should shun the politics of blame-game and introduce ‘Made in Pakistan’ across the globe.
He stated that industrial parks will be built across Pakistan under CPEC where Chinese investors will set up industries and create job opportunities for Pakistani workers.
Ahsan further said that China is going to invest $46 billion out of which $35 billion will be spent on power projects.
“Power projects will produce 10,000 MW of electricity,” he said stressing that the investment of $11 billion is a 20-year financing at a mark-up of two per cent.
“This investment is being spent on projects of infrastructure development.”
Minister said that Sindh has the highest share in the multi-billion dollar project ($9.1b), followed by Balochistan.