ISLAMABAD – A Research report on ‘The Reality of China-Pakistan EconomicCorridor Project (CPEC): Facts Vs. Fiction’ was launched in Islamabad onMonday.

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

Rejecting the impression that Pakistan will not gain any economic benefitsfrom the CPEC, the research report prepared by Pakistan-China Institute,states that the mega corridor project will change the perception ofPakistan as being an investor friendly nation and act as an effectivecounter weight to the Indian pressure. It is a vote of confidence in thefuture 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 underthe CPEC, the report states that the special economic zones under theproject will cater to the needs of local businesses and increasecompetitiveness for goods in the local market.

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

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

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

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

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