CPEC plays vital role in Pakistan’s economic development

Pakistan’s Ambassador to china, Moin-ul-Haque says the China-Pakistan Economic Corridor (CPEC), with Gwadar port is main constituent, play a key role in future development of Pakistan.

In an interview with CGTN Radio, he said that the CPEC is most lightship project of five corridors launched under Belt and Road initiative.

The Ambassador under first phase executed several main project such as hydro, wind and solar projects.

He said under the second component of this phase, infrastructure, highways, waterways and bridges built across Pakistan to improve road infrastructure.

Moin-ul-Haque said in the third important component of the first phase was the Gwadar port which is almost complete and fuctional.

The special economic zone being elavate in Gwadar, he said large number of chines companies are setting business there.

He said CPEC is entering in new phase that is most important and focused on industrialization, agriculture, social well being of the people, poverty alleviation and green economy.