CPEC to usher new era of progress & development: President

  • Says today's Pakistan a better picture of improved law & order and economy
Pakistan

ISLAMABAD – President Mamnoon Hussain says today’s Pakistan has a better image of improved law & order and economic situation as compared to 2013.

Addressing the convocation of National Textile University in Islamabad on Thursday, he said the undeterred commitment of the Pakistani nation and the government to the war against terrorism had resulted in overall improved situation.

The president said China Pakistan Economic Corridor (CPEC) will usher in a new era of progress in the country with the launch of several trade and development projects.

Mamnoon Hussain said that the nation should support government and national institutions to eliminate the causes of lawlessness and bring the perpetrators to justice.

He expressed satisfaction that the government under a comprehensive strategy had overcome the electricity crisis to a great extent and new power generation projects are being set up to meet future needs.

He said textile industry is the country’s backbone making up to sixty-five percent of national economy and up-gradation of textile industry on modern lines is inevitable.

The president said CPEC will not only reduce China’s 10,500 kilometer trade route to 2,500 kilometer, but will also provide Pakistan the Corridor’s service benefits.