CPEC most important initiative of our generation: PM Abbasi

CPEC most important initiative of our generation: PM Abbasi

GWADAR: Prime Minister Shahid Khaqan said on Monday that China Pakistan Economic Corridor is the most important initiative of our generation.

PM Abbasi remarked that CPEC is the “most visible” part of the Belt and Road Initiative. “This is perhaps the most important initiative of our generation,” he said while addressing the inauguration ceremony of the first-ever Gwadar Expo today (Monday). 

The event is being attended by foreign dignitaries, ambassadors and people from business community across the world.

The expo will also provide a platform for interaction between local and foreign business entrepreneurs, financiers, investors and government officials to utilise the benefits of this mega project for enhanced investment, business and employment opportunities.

The expo is being jointly organised by Gwadar Development Authority and China Overseas Ports Holding Company.

A business centre has also been set up by the China Overseas Ports Holding Company, which will provide a one-window operation for matters including immigration, customs, visa operations and port clearance facilities.

Chairman China Overseas Port Holding Company Zhang Baozhong has said with the construction of Free Zone, the port city of Gwadar would become a big commercial hub in the region.

In an interview, the Chairman COPHC said development of Gwadar would help to improve the overall economic conditions of the country and also of the local people.

Zhang said for construction of Gwadar Free Zone, China had employed around two thousand local people keeping in view their involvement in the mega project.

He said Expo which would attract delegations from countries including Iran, Saudi Arabia and United Arab Emirates would help proper marketing of local products including fishing, embroidery and dairy products.

Earlier, the Assistant Director Fisheries had issued notification for a three-day ban on fishing in Gwardar. The ban will continue till January 30.