CPEC entering Phase two of development


Foreign Minister Shah Mehmood Qureshi while speaking at the international conference titled ‘Belt and Road Initiative in the Changing Regional Dynamics,’ organised by China-Pakistan Study Center (CPSC) at the Institute of Strategic Studies Islamabad (ISSI) in collaboration with PowerChina, said, “We have now entered the second phase of development of CPEC which will mainly focus on industrialization and socio-economic development.”

Many energy and infrastructure projects of the CPEC have been completed which have injected dynamism into the process of the country’s economic development, he said adding that these projects have also given a boost to the country’s growth. In order to fast track expeditious completion of CPEC projects that the government has established a CPEC authority.

Chinese Ambassador to Pakistan Yao Jing commended the efforts by the government of Pakistan in implementing the CPEC. He said that Pakistani government has adopted economy-oriented foreign policy ‘which is the right policy’.

President PowerChina, Du Chunguo while speaking at the occasion elaborated that his company has completed 40 power projects in Pakistan (and is mainly)focusing on socio-economic development of the people.