ISLAMABAD: Federal Minister for Planning, Development and Reform Ahsan Iqbal has urged the youth to prepare themselves to benefit from the opportunities offered by China Pakistan Economic Corridor (CPEC).
Addressing a seminar titled “CPEC myths and realities here “at FAST University on Thursday, he asked the youth to play a constructive role in transforming the economy to a modern industrial one by value addition.
Ahsan said that the CPEC presents Pakistan with a historical opportunity to uplift the country’s status as the hub of economic activity in the region. He said that Pakistan has achieved an economic growth rate of five percent and has been able to create a favorable socio-economic eco system, which enjoys political stability.
He said a favorable ecosystem is attracting the interest of key global investors which are now eying Pakistan as a potential market for investments. Ahsan apprised the audience that China is promoting regional and global connectivity across the Asia Pacific region as part of its One Belt One Road initiative.
Similarly, Pakistan’s Vision 2025 focuses on helping Pakistan to leverage its geo-strategic location in order to explore the inherent economic options. He noted that the CPEC is a fusion of Pakistan’s vision 2025 and China’s vision of One Built One Road initiative. He said that the CPEC has changed the global narrative about Pakistan.
He said the country which was ranked as the most dangerous country of the world is now recognized as the next emerging economy. He noted that the CPEC energy projects will result in generation of additional 10000 MW which will be added into National Grid by 2017.
He remarked that increased energy production capacity will help to overcome the prevailing energy crisis. He categorically rejected claims that coal power plants would create environmental hazards, Pakistan is using super critical modern technology which reduces hazardous emissions.
He said that the CPEC is the platform of inclusive growth, where 85 thousand jobs will be created for our youngsters.
