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Saturday Jun 17 2017
By
APP

CPEC to generate more than 700,000 new jobs in Pakistan: Analysts

By
APP

ISLAMABAD: Pakistan Economy Watch President, Dr Murtaza Mughal has said that China Pakistan Economic Corridor (CPEC) was a fate changer for the people of Pakistan.

Talking to Radio Pakistan, he said that the investment of $46 billion under CPEC had increased up to $56 billion now.

According to Dr Mughal $35 billion will be invested on energy projects and remaining on infrastructure improvement.

He said this would help overcoming Pakistan's energy crisis.

The head of Pakistani Economy Watch  mentioned that CPEC would create more than 700,000 new jobs in Pakistan.

The exports of the country would also increase which would lead to prosperity, he added.

Under CPEC, special economic and industrial zones would be established in provinces and under the control of centre in Pakistan, he said.

Economic expert Dr Gulfaraz Ahmed also said that the government had been focusing on building new energy projects under CPEC.

He said that the distribution of energy was another challenging issue for Pakistan.

It was required to improve the efficiency, decrease losses and modernize the process of distribution of energy, he added.

Dr Gulfraz further said Asian Development Bank's loan for this purpose would be very useful, adding it would improve the country's distribution system of energy.

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Comments

    sini commented 4 months ago

    How many jobs will be created by CPEC does not matter for the simple reason that even with the usual present GDP growth rate of 4% in Pakistan, within the next 5 to 10 years itself, that many number of jobs will be created. One cannot say what types of jobs will be available for Pakistanis as all k

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    Chinese investment will bring lot of people out of poverty in Pakistan. All credit goes to pervaiz m commented 4 months ago

    Chinese investment in Pakistan will bring lot of people out of poverty. Credit goes to Musharraf

    0 1

    Any job portal specifically CPEC commented 4 months ago

    Any job portal specifically CPEC

    2 0

    Once the development work is complete, the jobs will be in transportation, shipping and manufacturin commented 4 months ago

    Once the development work is complete, the jobs will be in transportation, shipping and manufacturing sector. How far manufacturing will really take place is a matter of doubt. May be primary processing to feed Chinese companies in China. Impossible to estimate job creation correctly - just speculat

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