ISLAMABAD: government expands the scope of China-Pakistan Economic Corridor (CPEC) to study “Gateway of Prosperity” for both countries and region at liberty through advancement of railway sector.
According to the Economic Review 2021-22 launched by the Minister for Finance and income Miftah Ismail together with Minister for Planning, Development and Special Initiatives Ahsan Iqbal, Minister for Power Khurram Dastgir and minister of State for Finance and income Aisha Gaus Pasha, government views CPEC as long term development project because it can serve as a corridor with several doors connecting China with Central Asia, Middle East, Africa and Europe.
The survey showed that the Chinese and Pakistani labor force, in a large number, was occupied ensure timely completion of infrastructure projects and launched new projects such as Sukkur-Hyderabad Highway (M-6), Peshawar DI-Khan Highway (M-14), KKH Alternate Route (Gilgit-Shandor-Chitral), Swat Expressway (Phase-II), Dir Expressway and Karachi District Railways. .
Pakistan Railways one of in key modes of transport in in public sector that promotes national integration and economic growth.
In July-March 2022, the gross earnings of railways were registered for Rs 43,731.59 million.
“BUT network of roads, highways, highways, seaports and airlines in the country makes it the center of economic activity by attracting investment, increasing productivity and reducing cost of does business”, – he said.
government seeks to modernize transport and communications system with in development of new roads, highways, highways, railroads and airports to improve communication within the CPEC.
CPEC is pragmatic step for transformation unique geostrategic location of Pakistan to geoeconomics through various transport projects that transform road infrastructure of Pakistan and improve access states of Central Asia, Africa and Europe, added.
