Minister Ahsan Iqbal lauds China's CPEC investment

Web DeskMay 20, 2024 06:39 AMbusiness
  • China's $25 billion investment revitalized Pakistan's economy
  • Positive impact seen in Pakistan's stock exchange performance
  • Commitment to CPEC project despite security challenges
Minister Ahsan Iqbal lauds China's CPEC investmentImage Credits: pakistantoday
China's investment in Pakistan through the CPEC project has significantly boosted the economy and strengthened strategic partnerships, despite security challenges. Minister Ahsan Iqbal highlights the positive impact and commitment to the transformative project.

China's investment in Pakistan through the China-Pakistan Economic Corridor (CPEC) project has been a game-changer for the country, especially during challenging times. Back in 2013, when Pakistan was grappling with power shortages and security threats, China's decision to inject $25 billion into the economy proved to be a lifeline. This investment not only revitalized the local economy but also paved the way for sustainable growth.

Minister for Planning Development and Special Initiatives, Professor Ahsan Iqbal, highlighted the significant impact of China's investment in Pakistan through the CPEC project. He emphasized the trust and confidence that China has shown in Pakistan by investing in such circumstances. The recent positive performance of Pakistan's stock exchange is a testament to the confidence local investors have in the government's policies, reciprocated by Chinese investors viewing Pakistan as a strategic ally.

In addressing concerns about the security of Chinese nationals, Minister Ahsan Iqbal assured that the government is committed to ensuring their safety. Special security units and local law enforcement agencies have been deployed to safeguard Chinese citizens in Pakistan.

Despite security challenges, Minister Ahsan Iqbal reiterated that the Chinese government remains resolute in its commitment to the CPEC project. He emphasized that acts of terrorism will not deter China from continuing its investments in Pakistan.

Moreover, Pakistan is open to the idea of Afghanistan joining Chinese-funded development initiatives. However, the government expects Beijing to encourage Kabul to take decisive action against terrorist groups operating within Afghanistan.

China's investment in Pakistan through the CPEC project has not only bolstered the local economy but has also strengthened the strategic partnership between the two nations. Despite challenges, both countries remain committed to the success of this transformative project, showcasing a shared vision for regional development and cooperation.

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