GWADAR – Pakistan and China are set to sign some important agreements onTuesday to provide strategic support to Gwadar sea port that is emerging asstrong economic hub in the country and the region.
The agreements will be reached among the Chinese and Pakistani public andprivate sectors on the occasion of Gwadar expo, 2018 scheduled to takeplace next week.
The expo will be a big event in the history of Baluchistan for itssocio-economic development giving further boost to China-Pakistan EconomicCorridor, said here by Jiang Han, political Counsellor of the ChineseEmbassy.
About the agreements, he said these relate to poverty alleviation,development of industrial park and declaring Gwadar and Henan as sistercities. About the significance of Expo, Jiang Han said it would be a bigopportunity for the manufacturers, investors, entrepreneurs and governmentofficials from countries of the region to interact with each other.
Other than showcasing their company products, new avenues of trade andtechnology transfer would be discussed on the occasion. Jiang Han alsobriefed the media about the significance of the under-construction GwadarAirport, Gwadar East-Bay expressway and other socio-economic activities inthe area.
Gwadar port is the flagship project of the CPEC and will play an importantrole in the economic development of Pakistan and the region as well, headded.
In the social sector, Counselor Jiang said that Chinese companies hadundertaken exemplary steps for the well-being of the local inhabitants ofGwadar under their corporate social responsibility (CSR) initiatives. Jiangalso briefed about the document recently released by the National Bureau ofStatistics of China, showing that China national economy maintained themomentum of stable and sound development.
In 2017, under the strong leadership of the CPC Central Committee withComrade Xi Jinping as the core, all regions and departments implemented thedecisions and arrangements made by the CPC Central Committee and the StateCouncil.
They adhered to the general working guideline of making progress whilemaintaining stability, adopted the new development philosophy, focused onthe supply-side structural reform and pushed forward structuraloptimization, shifting of driving forces and quality improvement.
As a result, the national economy has maintained the momentum of stable andsound development and exceeded the expectation with the economic vitality,impetus and potential released and the stability, coordination andsustainability strengthened.—INP