Chinese Ambassador Yao Jing recently stated that the CPEC has provided jobs to 70,000 people in Pakistan in a span of 5 years. The project will generate 0.7 million more job opportunities in times to come, he added.
The development of 4 sectors of the economy and Gwadar city under the project is in full swing, he added. He also said that the mega project will give Pakistan over 20 Special Economic Zones.
He also said that the corridor project includes 43 initiatives valuing $50-$60 billion. Out of these the execution of 22 of them worth $18 billion had been planned in the first 5 years, the Chinese Ambassador noted.
“Eight projects have been successfully executed under the CPEC initiative, while work on 14 was under way.”
The corridor was the most vital and best performing a.mong all the projects under BRI (Belt and Road Initiative) of China, Jing said. It was overseen by the Sino-Pak Joint Coordination Committee, which had so far met 7 times, he further stated.