Home / Knowledge / News / Apparel/Garments / 'CPEC to turn Pakistan into trading hub”
'CPEC to turn Pakistan into trading hub”
08
Mar '16
Pakistani Minister for Planning, Development and Reforms Prof Ahsan Iqbal has said that the China-Pakistan Economic Corridor (CPEC) offered great opportunities for every sector of economy.

He said elimination of energy crisis, restoration of peace and putting the country's economy on strong footings was the agenda of the PML-N government.

Prof Iqbal said the CPEC project would make Pakistan centre of trade and commerce in the region of three billion population. “South Asia, China and Central Asia are three engines of growth and Pakistan lies right in the heart of these three engines,” he added.

Addressing the closing ceremony of IAPEX-2016 (Institute of Architects Pakistan Exhibition) in Lahore, he said through the CPEC, Prime Minister Nawaz Sharif wants to create an infrastructure of regional connectivity which would bring tremendous opportunities in every sector of Pakistan.

In the first phase of CPEC, Gwadar was being constructed into a modern and smart seaport city of 21st century and there were immense opportunities for the architects to define the character and aesthetics of a new city that would become an international city. “I will urge the Institute of Architect Pakistan to develop a master plan which can define the architectural character for this city,” he added. Similarly, the CPEC would also entail number of industrial zones/cities and roads network, he added.

The minister said that in 2013, Pakistan had power shortages of 20 hours and her economy was on a nose dive and many pundits had predicted that Pakistan might default by 2014. “But today I am happy to say that the entire international community is now looking at Pakistan as one of the most successful turnaround stories, as we reduced the energy outage from 20 hours to 6 and 8 hours and by 2018, we will overcome it completely.”

Pakistan and China signed an agreement on April 20 last year to commence work on CPEC development projects worth over $46 billion, which comes to roughly 20 per cent of Pakistan's annual GDP.

The corridor aims to connect Gwadar port in Balochistan to China's Xinjiang region via a network of highways, railways and pipelines spread over 3,000km. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search