ISLAMABAD – China will provide one billion dollars grant for socio-economic development in Pakistan, stated Minister for Planning and Development, Khusro Bakhtyar.
Addressing China-Pakistan Economic Corridor forum in Islamabad on Friday, he said cooperation in education, health, water, poverty alleviation and other sectors has been included in socio-economic development.
The Minister said industrial and agricultural development will be focused in the next phase of CPEC.
He urged the private sector to take lead in industrial development adding that cooperation in the industrial sector will further strengthen relationship between Pakistan and China.
Khusro Bakhtyar said China has offered free access for export of 313 Pakistani items saying, the PTI government wants to increase business opportunities under CPEC and for the purpose, Pakistan-China Business Forum is being estblished.
He said memorandum of understanding has been signed with China for establishing foot and mouth disease-free zones, Radio Pakistan reported.
Khusro Bakhtyar said huge investment was made in the energy sector under CPEC in Pakistan during the last six years.
He elaborated that in the infrastructure sector, railway network and development of coastal areas, including Gwadar Port, are being given special importance; he said Gwadar Master Plan will give impetus to economic activity in Gwadar.
The minister said Pakistan desires to benefit from Chinese experience in different sectors, including livestock, fishing and research.
The Minister said structural reforms are being introduced in the country and the government is committed to the strengthening of institutions.
