*ISLAMABAD – Pakistan is likely to receive $1 billion grant from China,Minister for Planning and Development Makhdoom Khusro Bakhtiar on Sundayhas revealed.*
*He revealed that China would release $1bn grant for less privileged areasin the country.*
Talking to journalists, Khusro Bakhtiar said that the government would takebenefit from Chinese model to eliminate poverty from the country. He saidthat China would also invest in petrochemical sector.
Khusro Bakhtiar said that special economic zones under China-PakistanEconomic Corridor (CPEC) would be made functional soon. He said that thegovernment would take measures to boost agriculture sector and would reduceimport.
The minister said that the Prime Minister Imran Khan’s focus was onelimination poverty from the country. He said that the PTI-led governmentwas finalizing Gwadar’s master plan.
Earlier, Planning Minister Khusro Bakhtiar, December 21, had said thatefforts were being made to establish Special Economic Zones (SEZs) foreconomic development in the country.