ISLAMABAD – Federal Minister for Planning, Development and Reform, MakhdumKhusro Bakhtyar said that the Senate special committee on China-PakistanEconomic Corridor (CPEC) has decided to establish CPEC Business Forum totap true potential of this important corridor.

Talking to media after the committee meeting, the minister said that theformation of the forum was being deliberated since long and now itsestablishment has formally been decided.

He said that members of the forum have already been finalized which wouldincluded representatives from business sectors, chambers, business councilsand other sectors of economy.

Besides, the committee on CPEC will hold a meeting on Friday (tomorrow) toreview a number of projects. The committee will also get a briefing oninvestments being made by Saudi Arabia and the United Arab Emirates (UAE)in Gwadar.

Importantly, ‘laying of fibre-optic cable along the CPEC routes” will bereviewed after a briefing.

The committee members will receive a briefing from the officials concernedon the “latest position of investment by Saudi Arabia and the United ArabEmirates in Gwadar’s Oil City.