ISLAMABAD: “China Pakistan Economic Corridor (CPEC) is a major part of Beltand Road Initiative (BRI) and it is envisioned as a corridor of peace,prosperity and development”.

The was stated by Muhammad Saleem Acting High Commissioner (HC) of Pakistanwhile speaking at Belt and Road Initiative (BRI) conference arranged byCarleton University here today, says a press release received here onSunday from Ottawa.

He said CPEC will bring in steady socio-economic development in Pakistan byattracting foreign and local investment into energy and infrastructuresectors.

He said through CPEC Pakistan will become an energy secure country and itsGDP growth will increase by 2-3pc.

He said early harvest energy and infrastructure projects, created 40,000local jobs and the new projects will usher into an era of development andprosperity.

He concluded that CPEC is a manifestation of common objectives and sharedprosperity of the people of Pakistan and China.

Speaking on the occasion, Chinese Ambassador to Canada, Mr. Lu Shaye saidthat BRI is not a geo-political tool but it is a new approach tointernational development and prosperity and it aims to advance economicand trade coordination among regional countries.

A large number of academics, diplomats, media persons, businessmen andstudents attended the conference.