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SECOND PHASE OF CHINA-PAKISTAN ECONOMIC CORRIDOR

The second phase of the China-Pakistan Economic Corridor (CPEC) is prime to start that added more sectors recently like agriculture and tourism. The vague accusations of succumb slow process of Multi-Billion dollar project Belt and Road initiative (BRI) have been denied by chairman CPEC authority, Asim Saleem Bajwa.

Under Belt and Road initiative (BRI) global strategic plan adopted by China in 2013, China committed to invest $62 Billion to forge Pakistan through Infrastructure and Development. China contended this Belt and Road initiative in Pakistan via two phases. The first phase generally focused on Infrastructure and energy sectors that was launched back in 2015. The second phase that is at its cusp to start will primarily focus on Development and Private sectors and it will add more like agriculture, science and technology, and tourism, Asim Bajwa tweeted.

Asim Saleem Bajwa had rejected the dismays and labeled the accusations as the moniker “Flotsam and Jetsam”. He tweeted, “Rumors about CPEC slowing down are totally baseless, misdirected propaganda articles keep appearing”. He denied the aspersions and bolstered by telling the that coronavirus has not slowed down the process of the second phase of CPEC.

Federal Minister for Planning, Development, Reform, and special initiatives Asad Umar also added into the context of the second phase of CPEC and supported the statement by Asim Bajwa and gives a conspicuous assertion of several additions of sectors in the second phase of CPEC.

India has had always denied the CPEC project as it develops the Azad Kashmir (Pakistan-occupied for India) so their narrative strongly condemns the CPEC initiative. CPEC is regarded as a flagship of Multi-Billion Dollar project of Belt and Road initiative (BRI) which aims at connecting Chinese province of Xinjiang with Gwadar in Pakistan to loom the Global influence of China and economic prosperity for both Pakistan and China by expanding and proliferating Infrastructure and Development through stark and sheer prowess.

 

 

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