The reality of CPEC: Facts Vs Fiction

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ISLAMABAD - A Research report on 'The Reality of China-Pakistan Economic Corridor Project (CPEC): Facts Vs. Fiction' was launched in Islamabad on Monday.

It aims at removing misperception about the CPEC project and provides factual insight of the project.

Rejecting the impression that Pakistan will not gain any economic benefits from the CPEC , the research report prepared by Pakistan-China Institute, states that the mega corridor project will change the perception of Pakistan as being an investor friendly nation and act as an effective counter weight to the Indian pressure. It is a vote of confidence in the future of Pakistan and a way forward for Pakistan's future prosperity.

The report also states that the CPEC will benefit all the provinces.

Highlighting the energy and road infrastructure projects completed under the CPEC , the report states that the special economic zones under the project will cater to the needs of local businesses and increase competitiveness for goods in the local market.

Speaking on the occasion, the interior minister Ahsan Iqbal said only democracy can ensure sustainable socio-economic development.

He said it was because of democracy that the country was today having historic projects like China Pakistan Economic Corridor.

Addressing the ceremony which also marked launch of Chinese language classes in Islamabad, Chairman Senate Raza Rabbani said that the CPEC will mutually benefit both Pakistan and China in strategic and economic realms.

Voicing concerns over the US policy on Afghanistan, the Chairman Senate said that Washington wants to make New Delhi policeman of the region but this is not acceptable either to Pakistan or the people of the region.

In his remarks on the occasion, Chinese Ambassador to Pakistan Jao Jing both the countries have consensus to take forward the CPEC project and any problems coming in its way will be addressed collectively.

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