Pakistan Ambassador to China, Masood Khalid says China Pakistan Economic Corridor (CPEC) provides opportunities to the member states of Shanghai Cooperation Organization (SCO) to boost energy export, trade potential by using Pakistan as a transit point.
He was speaking at the Belt and Road Innovation and Development Forum in Hong Kong.He said, the Belt and Road Initiative has become a key instrument to regional and international connectivity and it is set to bring together different regions and shrink the distance among civilizations.The Ambassador said that Pakistan, with a long coastline, is a key transit point on the Maritime Silk Road. The CPEC is a 3,000 kilometre network of roads, railways and pipelines to transport oil and gas from southern Pakistan’s Gwadar Port to Kashgar city.
On the occasion, SCO Secretary General Rashid Alimov said the organization, covering 60 percent of the Eurasian continent and nearly half the global population, has created a huge space for cooperation within Eurasia.
He said economic cooperation is of great importance for investment in infrastructure, telecommunications and trade in the region.
The Secretary General said that SCO will work to improve transportation infrastructure, simplify customs procedures and provide one-stop solutions for future logistics.