President, Pakistan Economy Watch (PEW) Dr. Murtaza Mughal has said that China Pakistan Economic Corridor (CPEC) is a fate changer for the people of Pakistan.

Talking to Radio Pakistan, he said, “The investment of $46 billion under CPEC has increased up to $56 billion now. Out of which, $35 billion will be invested on energy projects and remaining on infrastructure improvement.”

He said, “This would help overcoming energy crisis in the country. CPEC project would generate more than 700,000 new jobs in Pakistan.”

“The exports of the country would also increase which would lead to prosperity. Under CPEC, special economic and industrial zones would be established in provinces and under the control of centre in Pakistan,” he added.

Economic expert Dr. Gulfaraz Ahmed also said, “The government had been focusing on building new energy projects under CPEC.”

He said, “The distribution of energy was another challenging issue for Pakistan. It was required to improve the efficiency, decrease the losses and modernize the process of distribution of energy,” he said.

He said, “Asian Development Bank’s (ADB) loan for this purpose would be very much useful adding it would improve the country’s distribution system of energy.”