CPEC heading in right direction, unleashing the economic benefits

ISLAMABAD: A top government official and economic development specialist says China Pakistan Economic Corridor (CPEC) is moving in the right direction, creating a wealth of opportunities for the economic revival of Pakistan, reports WealthPK.
In an interview with WealthPK, Dr. Hassan Daud Butt, Chief Executive Officer (CEO) of Khyber Pakhtunkhwa Board of Investment and Trade (KP-BOIT) and former project director of CPEC, said CPEC was moving in the right direction, and currently, more expansion was happening under it. He said CPEC had created a lot of opportunities for the economic revival of Pakistan.
“Under CPEC, involvement of stakeholders from both countries is constantly growing and their interests are also increasing. It is bringing synergy in many areas at government to government, business to business and gross-root levels”, he said.
Under the multibillion-dollar project, he added, a platform was being established for relocation of Chinese and global enterprises.
All projects under CPEC – including socioeconomic, agriculture, road infrastructure and other sectors – have great importance and are benefiting the country. So, CPEC is creating a win-win situation. Now it has also increased discussion about integration of supply chains.
“CPEC has also increased bilateral cooperation at the higher education level. On the academician side, higher education institutions are now looking for exploring new areas. Interaction among academicians has increased and collaboration in research and development is also growing. We are learning from China and have started creating special technology zones”, Dr. Hassan Daud Butt added.
He said CPEC had demonstrated that Pakistan in a very less time could attract investment of $28 billion in different sectors including energy, projects under the private public partnership.
“CPEC is also bringing novelty in many sectors. Under the private-public partnership, new avenues were introduced such as Rashakai Special Economic Zone (SEZ) in which China
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