CPEC to prove strong vehicle for socio-economic uplift: BEF President
ISLAMABAD: Pakistan Tehreek-e-Insaf senior leader Asad Umer said that projects amounting to $ 27 billion under China Pakistan Economic Corridor (CPEC) have completed or near completion.
Speaking in National Assembly, he said, “Total of 50 billion dollar projects were started in the country under CPEC out of which 27 billion dollars projects have been completed or near completion.”
He said that only seven billion dollars Foreign Director Investment (FDI) arrived in the country during Pakistan Muslim League (N) tenure out of which 4 billion dollars FDI came under CPEC. He appreciated the Chinese government for providing loans on lower rate and said, “We are thankful to China for providing loans on lower rate”. However, Asad Umer said that he never said that projects undertaken by the Pakistan Muslim League (N) under CPEC were transparent.
He also disagreed with opposition leader Shahbaz Sharif that world’s cheapest power projects had been installed under CPEC. “If the projects are cheaper then why NEPRA was asking government to increase the tariff of the electricity to meet the expense of power generation,”he added. Minister for Science and Technology Chaudhry Fawad Hussain said that he was thinking that Shahbaz Sharif would take credit for arrest of Asif Ali Zardari as cases against him were started by the PML-N government in 2015. He said that the then interior minister Ch Nisar Ali Khan had disclosed about the fake accounts of Asif Ali Zardari while PTI had nothing to do with these cases.
The minister said that the PML-N government was also involved in corruption in import of LNG. Minister for Railways Sheikh Rashid said that Pakistan Railways had earned billions of rupees during last ten months. “We have earned billions of rupees during last 10 months without investing single penny which is big achievement” he added. Pakistan Peoples Party senior leader Abdul Qadir Patel asked the Speaker of National Assembly to issue production order of Asif Ali Zardari. Meanwhile, President, Baluchistan Economic Forum (BEF), Sardar Shoukat Popalzai said that China-Pakistan Economic Corridor (CPEC) was a mutual benefit program for Pakistan and China, and after completion of 17,000 MW power projects at a cost of $ 34 billion, Pakistan will be able to meet its total energy requirement.
This he stated in his lecture on CPEC and One Belt and One Road initiatives to MBA (Project) students of Mohammad Ali Jinnah University, (MAJU) Karachi, said a press release on Tuesday. Associate Dean, Business Administration and Social Sciences, Dr. Shujaat Mubarak and faculty member Ali Nasir were also present.
Sardar Shoukat said that CPEC as a regional integrator with greater opportunity provided for underdeveloped provinces of Pakistan especially Baluchistan. He said that the impact of CPEC on Pakistan’s economy may be seen in long run which will help Pakistan to become a transit state for the regional economic power.
He said that there were three major pipeline projects for Baluchistan. With completion of all three pipeline projects, many opportunities will be created for the province particularly downstream industries, such as oil refinery, fertilizer plants, petrochemical, etc. He said that not only Pakistan but entire Central Asian countries will also be the beneficiary of this project. CPEC project will help us improve our infrastructure, provide new jobs opportunities to control unemployment problem.
He said that there was a vast scope to further strengthen the economic relations of China and Pakistan with reference to the province of Baluchistan. China could help us in transfer of technology, direct investment, joint ventures in energy, fisheries, fruit processing, agro-food, tourism, livestock and mineral development, he said. He said the private sector of China could also provide technical expertise for Gwadar port and Gwadar city development.
Meanwhile, MAJU Associate Dean, Dr. Shujaat Mubarak also spoke. He briefed the students on current monetary policy, its types, inflation rate, role of State Bank of Pakistan in regulating the country’s economy and challenges being faced by the country presently.—news desk