CPEC

ISLAMABAD: Chairman of China Overseas Port Holding Company (COPHC), Zhang Baozhong has said that Gwadar Port and China Pakistan Economic Corridor (CPEC) would provide employment opportunities to thousands of people, especially in the transport sector.
He said that Gwadar Port and CPEC projects have the capacity to benefit not only Pakistan and China but also other regional countries, reported China Economic Net (CEN).
He said that trade with Afghanistan has already been started via Gwadar Port, and so far thousands of metric tonnes of fertilizer has been sent to Afghanistan.
Other CPEC projects, including International Airport Gwadar, Pak-China Friendship Hospital, Pak-China Skill Development Institute, 300 MW Coal Power Plant, and Desalination Plant, would be completed with China’s financial assistance. He added that Chinese industrialists are also interested in setting up industrial units. The industrial sector is expected to pace up its speed, focusing more on petrochemical, cement, mobile processing, steel, edible oil, and home accessories.
Separately, Pakistan and China have agreed to hold over 100 events to celebrate the 70 years of the establishment of diplomatic relations.
Chinese Foreign Ministry’s Spokesperson Wang Wenbin said that through initial communications, the two sides have agreed to organise the events in a wide range of areas including the political, economic, trade, cultural and military sectors. The spokesperson said the people from all walks of life in both countries, especially the young generation, will be welcomed to take an active part to enrich the celebrations.
He said with the concerted efforts, both the sides will surely carry forward the traditional friendship, expand and deepen practical cooperation in various fields, bring the two peoples closer, and achieve greater development in the all-weather strategic cooperative partnership.
The diplomatic relations between the two countries were established on May 21, 1951. – TLTP