ISLAMABAD: Chairman Faisalabad Industrial Estate Development and Management Company (FIEDMC) Mian Kashif Ashfaq Thursday said that China-Pakistan Economic Corridor will usher an era of prosperity, progress and development not only in Pakistan but also in the entire region.
Talking to a delegation of investors led by Junaid Jabbar Khan, who called on him, Kashif said CPEC is intended to rapidly upgrade Pakistan’s required infrastructure and strengthen its economy with the construction of modern transportation networks, numerous energy projects and special economic zones.
He said it will generate nearly 700000 and add at least 2.5 percent to Pakistan annual growth rate, said a press release.
He said state of the art Allama Iqbal Industrial city, a special economic zone under CPEC project, is being developed on fast track basis at Sahianwala interchange on Faisalabad-Pindi Bhattian motorway which will cater the all needs of investors for setting up their plants well on time.
Mian Kashif Ashfaq said Prime Minister Imran Khan is taking personal interest for timely execution of this project and had already issued express directions to all concerned departments for completion of new 500 kw grid station and laying of sui gas distribution station.
He said CPEC is not a game changer but in fact a fate changer for Pakistan and promised prosperity of three billions people of this region.
He said federal minister for planning and development Asad Umar during a meeting a couple of days ago informed us that 17 projects of CPEC have so far been completed at a cost of $13 billion while projects worth $12 billion in final stage of completion.
He said minister further disclosed that an inflow of $25 billion has not only created thousands of new jobs but also helped increase foreign exchange reserves while another $28 billion investment is in pipeline.