CPEC is pivotal for the uplift of marginalized community of Pakistan: PCJCCI
CPEC is now the principal vehicle for the pursuit of bilateral ties at renewed and heightened ebb of engagement. Fang Yulong, Senior Vice President of PCJCCI said that China’s next transformation is well underway, and a “New Economy” is emerging, all set to make a global impact through innovations and economic initiatives leveraging its demographic and economic diversity. To accrue the benefits of this transformation, Team CPEC has to now mobilize all resources for accomplishing the daunting task of timely implementation of CPEC projects in Pakistan, which will further lead towards true inclusive growth. This time the focus of CPEC will be on populating the priority SEZs through industrial cooperation which is entering a vital stage with immediate steps required to encourage private sector participation and creating an enabling environment reducing risks and promoting complementary policies.
Hamza Khalid, Vice President PCJCCI stressed that in the second phase of CPEC, the government is gearing up to lift marginalized areas of Pakistan and promising greater regional integration. It was suggested that continuity of policies, productivity of labor, cost of land, and provision of utilities are the key bottlenecks that are being addressed through various initiatives of the government. Salahuddin Hanif, Secretary General PCJCCI added that Of course, there are many challenges ahead, and in the face of such challenges, we will need to work together in partnership and across a range of fronts through a pragmatic joint action plan that will require hard work.