CPEC to counter US unilateral sanctions against Pakistan

CPEC to counter US unilateral sanctions against Pakistan

ISLAMABAD - Minister for Human Rights Dr Shireen Mazari Thursday said China Pakistan Economic Corridor (CPEC) could be used to counter unilaterally imposed US sanctions on any of the Golden Ring Economic Forum (GREF) countries.

She explained the CPEC should be considered as community of power and not be conceived just as transactional relations.

She was addressing a seminar on Gold Ring Economic-Bloc consisting of Russia, China, Pakistan, and Iran jointly organized by GREF and Pakistan Institute for Parliamentary Services (PIPS) here, says a statement issued here.

She said CPEC is a huge opportunity which can and should be exploited and used for the economic betterment of the people of these Golden Ring Countries and it can also help bring harmony, peace and stability in these countries.

Senator Sherry Rehman explained that Indo-American dominance was getting challenged by the CPEC. She further emphasized that skills of the labour needs to be upscale to use this opportunity as it was best for CPEC project.

President GREF Hasnain Mirza and Chairman GREF Maj. General (RETD) Anees Bajwa explained the objectives of new economic bloc.

They said these countries are blessed with natural and human resources, which yet are not benefiting as much economically as they can.

These countries dominate the major land mass of Eastern Europe, Asia and Middle East. Yet they are standing in the total world economy is 17%.

The seminar had two sessions, first session was chaired by former Speaker National Assembly Sardar Ayaz Sadiq and second session was chaired by Vice Chairman GREF, Lt Gen. (retd) Sikandar Afzal.

In two sessions Pakistan's regional relations and national economic security within the context of CPEC and GREF were discussed.

Brig Samson Simon Sharaf presented his scholarly article on "The End of Geo Strategy". Member GREF BOD ALmas Hyder, Chief Economist Planning Commission Zaffar ul Hassan, and Chief Coordinator Planning Commission Dr Mohsin also presented their papers on the subject.