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Friday Apr 26 2019
Web Desk

Pakistan, China entering next phase of CPEC with focus on socioeconomic uplift: PM Imran

Web Desk

BEIJING: Prime Minister Imran Khan on Friday said Pakistan and China were entering the next phase of the multibillion China-Pakistan Economic Corridor which would focus on lifting people out of poverty.

In his keynote address at the second Belt and Road Forum in Beijing, Prime Minister Imran said the next phase of CPEC would focus on socioeconomic uplift, poverty alleviation, agricultural cooperation and industrial development.

“We are expanding the frontiers of knowledge through deeper cooperation in the fields of education, innovation and technology. [Under] CPEC, special economic zones will be set up,” the premier said.

Putting forward five points to further expand the Belt and Road Initiative, the prime minister said joint efforts were needed to mitigate the adverse impact of climate change, establish Belt and Road Initiative tourism corridors to promote people-to-people and intercultural understanding, anti-corruption efforts, poverty alleviation fund and concerted efforts to further liberalise trade and investment.

He said the Belt and Road Initiative offers a model of collaboration, partnership, connectivity and shared prosperity, and called for joint efforts towards addressing obstacles on the way to sustainable growth.

Pakistan is amongst Belt and Road Initiative’s earliest and most enthusiastic proponents, the premier said, adding that the CPEC project has addressed Pakistan’s energy and infrastructure gaps.

Prime Minister Imran said both the countries are signing the second phase of Free Trade Agreement to further bolster bilateral trade and economic relations.

He thanked China and its leadership for extending unwavering support to Pakistan, and said relations between the two countries remain strong and stand tall in the face of any challenge.

Pakistan will continue to work on the basis of mutual respect and equal opportunity with China and other Belt and Road Initiative partners, he added.

Prime Minister Imran also invited international investors to make use of Pakistan's liberal investment regime and participate in the country's economy, particularly in infrastructure, railways, dams, IT and manufacturing sectors. 

He also held a meeting with World Bank chief executive Kristalina Georgieva on the sidelines of the summit. 

Among the leaders in attendance are Russian President Vladimir Putin, and Italian Prime Minister Giuseppe Conte, whose country became the first G7 member to sign up to Belt and Road.

But EU powers Germany and France are sending ministers instead.

The United States, which sent a senior White House official to the first BRI summit in 2017, has not dispatched any officials from Washington.

Prime Minister Imran arrived in Beijing on Thursday night on a four-day tour, his second visit to China since assuming office in August last year.

The prime minister is visiting the country on the invitation of Chinese President Xi Jinping to attend the second Belt and Road Forum in Beijing.

Since President Xi launched the Belt and Road in 2013, China has invested $90 billion in projects while banks have provided upwards of $300 billion in loans, according to Chinese officials.

Addressing the summit earlier today, Xi rejected accusations that the Belt and Road is a "debt trap" and a geopolitical tool for Beijing´s ambitions of becoming a global superpower. 

"The Belt and Road is not an exclusive club," Xi said. In a nod to the concerns over loans, he said "we also need to ensure the commercial and fiscal sustainability of all projects so that they will achieve the intended goals as planned."

'China our main hope for investment'

Addressing a luncheon hosted by China-Pakistan Friendship Association and International Cultural Communication Center at Beijing, PM Imran said the entire country is backing CPEC.

“Because of CPEC other countries are now looking to invest in Pakistan. The whole country is behind CPEC and supporting it. China is our main hope for investment,” he said.

Speaking about China and its advancements, the premier said, “Chinese universities have developed intelligence in various technologies and they are far ahead of every other country.”

“China is a very unique country,” PM Imran said. “It is the only country in history to take 700 million people out of poverty. We want to learn from China and are collaborating with them to take Pakistan out of poverty.”

The prime minister further said economic zones are part of CPEC. “Certain Chinese industries will be part of the economic zone. We are looking forward to Chinese investments and relocation of certain Chinese industries.”

The premier added that Pakistan wants to learn from China how they have industrialised and raised the standard of living.

On the subject of Afghanistan, PM Imran said Pakistan wants a peaceful solution to the issue.” “Pakistan wants a peaceful solution to the issue between Taliban and the Afghan government so that there can be peace in the country. Whatever happens in Afghanistan affects Pakistan,” he said.

The premier added the only problem right now is the issue with India. ‘We are hoping we can return to dialogue after the election in India.”

Concluding his talk, the prime minister said the relationship between Pakistan and China has grown stronger. “We know that whenever there have been difficult times, China has always been there for Pakistan, which is why there is a strong relationship between our people.”