A leading Pakistani business group has emphasized the urgent need for the “swift and timely” execution of projects under the China-Pakistan Economic Corridor (CPEC), highlighting their vital role in Pakistan’s economic prosperity and industrial growth.
Key trade and business figures gathered at the first meeting of the Federation of Pakistan Chamber of Commerce & Industry (FPCCI) in Islamabad on Monday. The meeting, reported by The CPEC Daily, focused on accelerating the progress of CPEC projects.
Saud Faisal Malik, CEO of The Daily CPEC and convener of the FPCCI committee, addressed the meeting, stating that the timely execution of these projects extends beyond infrastructure development and energy growth. “It is also a crucial driver of job creation and a means to unlock new economic opportunities,” he said.
“One of our key priorities is to attract more investment into Pakistan as CPEC offers unparalleled opportunities in sectors like education, technology, and industrial development,” Malik added. “We will work on formulating recommendations for incentivizing investments, including tax incentives, streamlined regulatory processes, and investment-friendly policies.”
Launched in 2013 as part of the Belt and Road Initiative, CPEC is a major infrastructure program linking Pakistan with the Chinese mainland. It aims to enhance regional connectivity and foster economic development.
In a speech in December 2024, Chinese Ambassador to Pakistan Jiang Zaidong announced that Chinese investment in CPEC had reached $25.4 billion. He noted that CPEC has helped create 236,000 job positions, build 510 kilometers of highways, and generate 8,000 megawatts of power.
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Pakistani business group says CPEC projects vital for economy
cgtn.com
