Times of Islamabad

CPEC: Pakistan ushers into new era of industrialization

CPEC: Pakistan ushers into new era of industrialization

BEIJING – Minister for Planning, Development and Reform Makhdum KhusroBakhtyar says eighth Joint Cooperation Committee has set new targets forPak-China cooperation, leading CPEC towards becoming a true economiccorridor with multiple doors.

He expressed these views at Beijing on Friday, after conclusion of the 8thJCC proceedings.

The Planning Minister said Pakistan and China have agreed to furtherstrengthen the JCC mechanism through increased frequency of exchanges.

He said signing of memorandum of understanding on Industrial Cooperationwould steer Pakistan into a new era of industrialization.

Bakhtyar said Pak-China cooperation in agriculture sector would focus onattracting investment in food production, processing, logistics, marketingand exports in joint ventures with Pakistani companies.

He vowed to promote development of hydel projects in Jhelum Cascade andGilgit Baltistan.