December 19, 2016

Prime Minister Muhammad Nawaz Sharif chaired a meeting to review progress on different projects under the umbrella of China Pakistan Economic Corridor (CPEC) here at PM House today. The meeting reviewed the benchmarks set for numerous energy, transport infrastructure and industrial projects with particular focus on development and socio-economic uplift projects in Gwadar.


The Prime Minister was briefed on the tentative agenda items for the upcoming meeting of China and Pakistan’s Joint Cooperation Committee (JCC). Explaining the procedures for inclusion of a project in CPEC, the meeting was informed that approval by the concerned working group, before it is finally approved by JCC. The Prime Minister was informed that Chinese automobiles i.e. Foton has shown interest to establish its manufacturing plant in Pakistan.


The Prime Minister directed that Karachi Circular Railways and Keti Bunder Port project must be taken up in the next JCC for inclusion in CPEC, as conveyed by the Sindh government. The Prime Minister said that Chinese said should be briefed on the immense economic viability of these projects so that they are included in CPEC.


The Prime Minister directed Minister for Planning, Development & Reform Mr Ahsan Iqbal to consult all the Chief Ministers for finalization of industrial zones’ locations in their respective provinces. The Prime Minister further directed that industrial zones would be set up at places that have economic feasibility and viability for maximum economic returns and benefits for both China and Pakistan. In this regard, the Prime Minister directed the formation of a committee to suggest and advise the Chinese Government on the economic practicability and benefits of these sites.    


China helped us a great deal in the economic revival at a crucial juncture for which the government and people of Pakistan are grateful to the Chinese leadership and people. China and Pakistan have translated its long-term strategic ties into a strong and durable economic partnership that would greatly benefit both the countries.


The meeting was also briefed on the Energy projects under CPEC including Coal, Hydel, Wind, Solar, LNG as well as transmission lines. It was briefed that infrastructure projects including Road, Rail, Aviation and Data Connectivity are being executed on fast track basis.


The meeting was attended by, Federal Minister for Finance Mr. Ishaq Dar, Minister for Panning, Development & Reform Mr Ahsan Iqbal, Minister for Water & Power Khawaja Muhammad Asif, Minister for Ports and Shipping Mir Hasil Khan Bizenjo, Chief Minister Punjab Muhammad Shahbaz Sharif, SAPM Mr. Tariq Fatemi and other senior officials of the government.