FAISALABAD: The China-Pakistan Economic Corridor (CPEC) will not only strengthen Pakistan economically but also address social issues such as poverty, food security and create employment opportunities, said University of Agriculture Faisalabad (UAF) Vice Chancellor Dr Iqrar Ahmad Khan.
He was addressing a ceremony held to celebrate the National Day of People’s Republic of China. Khan said that China has proven its mettle in technological advancement, adding that the CPEC would go a long way in guiding Pakistan to a new horizon of development. “China has become the hub of research activities and is surpassing the US,” said Khan, stressing on the need to learn from each other’s experiences.
He also told the audience that 500 students would be sent to China for education, adding that the UAF was working with 13 Chinese institutes in areas of researches and academia.
Parliamentary Secretary on Finance Rana Muhammad Afzal Khan said, “Under the CPEC, as many as $48 billion are being invested by China. The government inherited tremendous problems and tangibles steps are being taken to combat challenges.
“For the purpose of CPEC, no loan is being taken as the investment would be made by the Chinese companies. The route issue has also been resolved. Two big dams are being constructed to address the issue of electricity shortfall. It is likely that after CPEC the GDP growth will be pushed to 6%.”
Published in The Express Tribune, October 2nd, 2015.
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