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Business

December 6, 2017

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‘CPEC investments to further strengthen Pak-China alliance’

‘CPEC investments to further strengthen Pak-China alliance’

LAHORE: Interior Minister Ahsan Iqbal has said that China-Pakistan Economic Corridor (CPEC) has opened a new development horizon for the world, and investments under CPEC were further strengthening the Pak-China friendship.
He expressed these view while addressing a dinner of the 3rd CAC Pakistan Summit and Expo arranged by Lahore Chamber of Commerce and Industry (LCCI) at the Lahore Expo Centre.
Punjab Governor Muhammad Rafiq Rajwana said this was an age of innovation where changes took place frequently, and there was need to develop as per the requirements, because the nature of today’s challenges was global and challenges have no boundaries.
“Today we need to promote trade with the international community instead of relying on loans for economic development.
The country’s economy had collapsed in year 2013 when no one was ready to invest in Pakistan, but now it is making progress,” he said, and added that all economic indicators were showing positive improvements.
Rajwana said the present government had so far added 7,000MW capacity to the national grid, while another 3,000MW would be incorporated soon.
Consistency in economic policies was indispensable for the progress of the country, he said while predicting that Asia would make up 50 percent of the world economy by 2025. Asia, South Asia, Central Asian states, and China were on the economic growth trajectory, and Pakistan was situated at the crossroad of these engines of growth, he added.
The governor said Pakistan would have to get optimum benefit of its geographical location for which political stability and peace was of immense importance.
LCCI President Malik Tahir Javaid said, “It is a matter of satisfaction that Pakistan is rapidly gaining the attention of foreign investors and emerging as a trade and investment hub. It should be ensured that gains do not go in vain.”
He said consultation in policy formulation would boost the confidence of the business community and it would also help achieve economic targets for the ongoing financial year.

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