According to the latest news, Hassan Daud Butt, the Project Director CPEC, Ministry of Planning, Development, and Reform, the CPEC will prove to be extremely important in the drive for economic growth in Pakistan in the times to come.
He said that trades through the CPEC route will exceed $3 trillion and make the country the hub of 3 engines of growth.
“According to estimates in future, the total trade will exceed 3 trillion USD. The CPEC will prove a big game changer for Pakistan as Gwadar port has the potential to surpass neighboring ports in terms of trading activity.”
It was imperative to understand that while the investment in the CPEC the largest one in Pakistan’s history, the rate of interest linked with it is least (2.39 %). The country does have the potential to return that in the coming 25 years, he added.
He also said that the benefits of CPEC outweigh the downsides. In addition, he said that Pakistan requires the strong alliance with a friend such as China to counter India-U.S.-Israel.