Chabahar Port not a challenge for CPEC: PM Abbasi

Chabahar Port not a challenge for CPEC: PM Abbasi”

The premier further added that positive developments are taking place in talks with Afghanistan, with issues such as trade and accessibility replacing the security centered rhetoric, while acknowledging the fact that Pakistan can only recognise its true economic potential by developing its infrastructure, which is being done under the China-Pakistan Economic Corridor (CPEC), with the construction motorways and roads to improve connectivity.

Terming the arrangement of International Maritime Symposium very important, Shahid Khaqan Abbasi said Pakistan's trade was heavily dependent upon sea lanes.

Khaqan Abbasi underlined the need to work in collaboration with China.

More importantly, the regional countries could pursue economic initiatives in Afghanistan for prosperity and socio-economic development to ameliorate the trends of extremism and terrorism, he said.

Addressing an global investment conference in the capital, the prime minister said foreign investors can enjoy Pakistan's business-friendly policies, incentives, ease of doing business, and a vast consumer base.

The CPEC has given China direct access to the Indian ocean region, propelling Pakistan into a position of centrality and prominence in the region, he added.

He said Pakistan hopes to have nearly 6% GDP growth this year and this could go up to 9% with the development of infrastructure as well as energy and communication sectors.

The prime minister said in the past investors had security concerns but these have also been taken care of because of an effective war against terror.

He said we can realize our trade and economic potential by developing our infrastructure and this is being done under the CPEC.

He also commended the role of the armed forces of Pakistan in general and Pakistan Navy in particular for their initiatives to ensure maritime security of the country, especially the security of CPEC and Gwadar port.

The prime minister said they had constructed 1200 kilometre-long highways in Balochistan.

In his inaugural address, Chief of the Naval Staff Admiral Zafar Mahmood Abbasi NI (M) in his inaugural address said that the subject was deep-rooted in the remarkable trade history of the region which had transcended various races, cultures and religions.

The Naval Chief said the Prime Minister has approved setting up of a modern shipyard at Gwadar which would contribute significantly to Pakistan's economy. He said the government was fully alive to Pakistan Navy's needs and was providing essential support in meeting the emerging security imperatives.

He added that China wishes to see Pakistan as a strong and developed country.

Sardar Masood Khan said BRI would give a fresh impetus to global growth, create new supply chains in Indian Ocean and pave the way for reducing poverty and income inequalities.

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