BEIJING: Federal Minister for Planning Development and Reform Ahsan Iqbal on Thursday said that China is now the number one Foreign Direct Investor (FDI) in Pakistan, just within two years of start of China-Pakistan Economic Corridor(CPEC).
He was addressing the “Belt & Road” CPEC Investment & Construction Cooperation Forum in Beijing capital of China. The Minister also reaffirmed Pakistan government’s firm resolve and commitment to the China-Pakistan Economic Corridor during his address and said that Prime Minister is personally supervising implementation of CPEC projects.
Ahsan Iqbal said that Pakistan was emerging as the favorite investment destination with economic reforms undertaken by government. A 10,000 megawatt(MW) power plant will be added by 2018 and additional 15,000 MW by 2025, he said adding that the government was building new dams, including Diamer Bhasha Dam to overcome Food Security.
He said that Balochistan and Khyber Pakhtunkhwa (KP) were rich in minerals and economic zones were being developed to take advantage of minerals and industries in Pakistan. The planning Minister said that modern transport infrastructure under CPEC would makePakistan’s economy competitive. Western and Eastern routes will link all regions with China. China’s technology and experience combined with location and low cost advantage of Pakistan will create world class production platform, the Minister highlighted.
He said that government of Pakistan was committed to put Pakistan among top 15 economies by 2025. CPEC has taken Pakistan China friendship higher than Himalayas to beyond stars, said the Minister.
The Chief Minister of the resource rich Balochistan province Sanaullah Khan Zehri also attend the Seminar.
The event has been organized by Pak-China Investment Company, Frontier Works Organization(FWO) and China International Contractors Association and the Embassy of Pakistan in Beijing.
Madam Zhao Baige Vice Chairperson of Foreign Affairs Committee of National People’s Congress and Mr. Fang Qiuchen President China International Contractors Association also spoke on the occasion.
Planning Minister Ahsan Iqbal and Chief Minister Balochistan Sanaullah Khan Zehri also witnessed signing of an MoU of collaboration between Pak-China Investment Company, Frontier Works Organization(FWO) and China International Contractors Association during the seminar.
The Seminar was attended by around 200 participants of top Chinese and Pakistani companies.