*ISLAMABAD: The government is to abolish the China-Pakistan EconomicCorridor (CPEC) Authority and will replace it and all matters relating tovarious CPEC projects will be handed over to the Planning Commission withdesignating a special secretary to deal with the matters.*
This was stated by the senior officials of the Ministry of Planning andDevelopment while briefing the Senate Standing Committee on Planning andDevelopment held here on Friday under the chairmanship of Senator SaleemMandviwalla.
The officials said that the ministry is working on the modalities and afinal decision in this connection will be taken soon.
The officials said that the step is being taken for facilitating theChinese investors and contractors working on CPEC projects who are facingserious problems for the past many years.
The officials said that Chinese investors and contractors were also facingproblems in getting visas and the government is to make the process swift.
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The officials, while responding to the bill titled, “China-PakistanEconomic Corridor (CPEC) Authority (Amendment) Bill 2021,” tabled bySenator Sherry Rehman, informed the panel that Federal Minister Ahsan Iqbalhas directed the ministry to abolish the CPEC Authority.
The officials further added that the CPEC Authority was not doing enough,it was no longer needed and therefore to close it down a bill will soon beintroduced in the parliament.
