CPEC

ISLAMABAD – A research report on ‘The Reality of China-Pakistan Economic Corridor Project (CPEC): Facts Vs. Fiction’ was launched in Islamabad on Monday.

It aims at removing misperceptions about the CPEC project and provides factual insights into the project.

Rejecting the impression that Pakistan will not gain any economic benefits from the CPEC, the research report prepared by Pakistan-China Institute states that the mega-corridor project will change the perception of Pakistan as being an investor-friendly nation, and act as an effective counterweight to the Indian pressure. It is a vote of confidence in the future of Pakistan and a way forward for Pakistan’s future prosperity.

The report also states that the CPEC will benefit all the provinces.

Highlighting the energy and road infrastructure projects completed under the CPEC, the report states that the special economic zones under the project will cater to the needs of local businesses and increase competitiveness for goods in the local market.

Addressing the ceremony which also marked the launch of Chinese language classes in Islamabad, Chairman Senate Raza Rabbani said that the CPEC will mutually benefit both Pakistan and China in strategic and economic realms.

The Chairman expressed his pleasure over the start of Chinese language classes in Islamabad and Lahore and hoped this would facilitate in business dealings with the neighbouring country.

Voicing concerns over the US policy on Afghanistan, the Chairman Senate said that Washington wants to make New Delhi “policeman of the region” but this is not acceptable either to Pakistan or to the other people of the region.

In his remarks on the occasion, Chinese Ambassador to Pakistan Yao Jing said both the countries have agreed to take forward the CPEC project and any problems coming in its way will be addressed collectively.

Chairman of Pakistan-China Institute Mushahid Hussain Sayed pointed out that certain forces are inimical to Pak-China relationship. He said the research report launched today is aimed at sifting facts from the fiction.