Japanese corporations should join CPEC’s transport infrastructure, power generation projects: Ahsan Iqbal

Pakistan, Russia discuss importance of regional connectivity

ISLAMABAD, Oct 13 (APP): Federal Minister for Planning,
Development and Reforms, Ahsan Iqbal on Thursday invited Japan to take advantage of China Pakistan Economic Corridor (CPEC) and encourage Japanese corporations to take part in projects of transport infrastructure and power generation on Independent Power Producers model.

“CPEC is not a bilateral project but it is an inclusive
project where major economies from European Union, Middle East, America and Asia are also showing their interest to join in.”

He said after holding meetings with Secretary General of Asian Productivity Organization (APO), Dr.Kanoktanaporn, Governor of Japan Bank for International Cooperation (JBIC), Akira Kondoh, Chairman, Japan Pakistan Parliamentary Friendship League (JPPFL), Sheishiro ETO, with Japanese Business Corporations of global reach and also gave interview to the largest English weekly in Japan on the margins of World Marketing Summit in Tokyo.

Ahsan Iqbal who is on a two day visit of Tokyo to participate
in the summit, apprised his interlocutors that the grand CPEC Project has already taken off and bears immense potential for North South and East West connectivity of three billion strong regions of South Asia, China and Central Asia.

The Minister shunned off any apprehensions relating to
security concerns about Pakistan and informed of sustainable successes in Security Operation, Zarb e Azb.

When asked by Japanese media about the situation prevalent at Line of Control (LoC), he reiterated Prime Minister Muhammad Nawaz Sharif’s vision of “Peaceful Neighbourhood”.

He stated that for development of people to take place peace in South Asia is a must.

Discussing situation in Indian Occupied Kashmir, he stated
that the excesses committed by Indian Security Forces have resulted in death and injury to thousands of innocent Kashmiris and stressed that every man has the right to vote and Kashmiris have been promised this right by the international community under United Nations Security Council Resolutions and should be granted this right like people of Timor Leste and South Sudan before them.

This will thoroughly discredit the narrative peddled by
terrorists that the world doesn’t care when it comes to the blood of Muslims.

In his meetings and media interaction, Ahsan Iqbal stated that economic indicators of Pakistan have improved considerably over the last three years.

The foreign exchange reserves have more than doubled from US$10 billion to US$23 billion and inflation remained lowest in South Asia.

Ahsan Iqbal said that government was able to bring down budget deficit to 4.7% of GDP, adding, Morgan Stanley declared Pakistan as one of the promising emerging markets globally.

He said, Karachi Stock Exchange has been rated as one of the top three stock exchanges of Asia.

He also stressed Pakistan’s demographic dividend as over 2/3rd of its 200 million population is under 25 years of age.