Call for timely completion of CPEC projects

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LAHORE, Dec 29 (APP): The Lahore Chamber of Commerce & Industry on Tuesday urged the government to ensure timely completion of China-Pakistan Economic Corridor (CPEC) as it is bound to turn Pakistan into a great investment destination.

LCCI President Sheikh Muhammad Arshad said here that China-Pak Economic Corridor (CPEC) would start a new era of progress and prosperity in the country, therefore, it should be handled with extra, adding that it would not be wrong to say that economic benefits of this project are hard to estimate.

China has already promised to invest more than 46 billion dollars in this connection and the project had the potential to work as a big push theory of economics, he maintained.

He said that although both the governments were closely collaborating in this project but at the same time, the private sectors of Pakistan and China were going to have a bigger role to play in this mega project.

Sheikh Arshad said that China-Pak Economic Corridor was an overall cooperation platform with a focus on the long-term development of bilateral cooperation in various fields.

He said that it was needless to mention that leading chambers of commerce like LCCI would have to spearhead these efforts to ensure widespread gains to all stakeholders.

The LCCI President said that Pakistan was bound to become economically strong and independent with never ending chain of investments from China. It would only be possible if the respective private sector representatives play their due role much proactively, he added.

He said that this mega project should be completed at any cost as undoubtedly, it has the potential to turn Pakistan into pivot of regional cooperation.

He said that if Pakistan uses this opportunity wisely, it would enable it to harvest the economic benefits this corridor has to offer, it can considerably strengthen its regional power and esteem and prove a more priceless long-term ally for Beijing.

This project would also bring development and prosperity to the people of around ten developing nations.