*ISLAMABAD – PTI government has rejected the statement of PML-N leaderAhsan Iqbal regarding cut in finance bill of China-Pakistan EconomicCorridor (CPEC).*
Planning minister Khushro Bakhtiar has said CPEC is a long term plan havinggreat potential for economic growth of Pakistan.
The Minister said the government wants investment of other countries in theCPEC including Germany, Japan and Korea. He said the prime focus of thegovernment is to revamp economy, create employment opportunities and boostmanufacturing base in the country.
In April 2015, China had announced mega development projects in Pakistanworth $46-billion under CPEC project, which focuses on road building andenergy infrastructure to end chronic power shortages in Pakistan and tolink China’s landlocked north-west with the deep-water port of Gwadar onthe Arabian Sea.
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The plan, which would eclipse U.S. spending in Pakistan over the lastdecade or so, is part of China’s aim to forge “Silk Road” land and sea tiesto markets in the Middle East and Europe.
The two sides had also agreed to strengthen cooperation in civil nuclearenergy, space and maritime technology, counter-terrorism and defense.
