CPEC to ensure prosperity and progress beyond Pakistan

News Image

MG News | February 09, 2018 at 10:39 AM GMT+05:00

0:00

Federal Minister for Interior, Planning, and Development & Reforms Ahsan Iqbal said that China-Pakistan Economic Corridor (CPEC) will usher prosperity and progress not only in Pakistan but the entire region.

This he said during his speech in a special event held at the Embassy of Pakistan Washington DC to highlight the significance of China-Pakistan Economic Corridor (CPEC), according to a message received here on Friday.

He highlighted that major infrastructure projects related to CPEC were nearing completion within the timelines. Both China and Pakistan are keen to operationalize CPEC at the earliest so that it can stimulate the economy and bring about a meaningful change in the lives of the people. There is great scope for the extension of CPEC projects to other countries.

He also said that Pakistan’s economy has registered impressive growth rate of 5.3% last year and is projected to rise to 6% in the current fiscal year. This would be further increased as the economic dividends of CPEC are realized.

Earlier, Ambassador Aizaz Ahmad Chaudhry, in his opening remarks, said that CPEC was a visionary initiative of the Governments of China and Pakistan which had the potential of bringing economic benefits to both countries and the region for decades.

He said that CPEC represents the transformation of a long-standing and time-tested strategic friendship of China and Pakistan from the political to the economic sphere. The people of both countries are excited by the opportunities that CPEC would present.

Dr. Ehtisham Ahmed, a renowned economist and former senior World Bank/IMF official, while moderating the event remarked that CPEC was generating great interest around the world and implementation of this project was part of China’s Belt and Road Initiative. The success of CPEC would demonstrate that the Belt and Road Initiative could transform the economic future of the region, he added.

The event was widely attended by foreign policy experts and Pakistani American community members.

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25


July 11, 2025 at 04:19 PM GMT+05:00

Ideal Spinning Mills to exit spinning business



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg