FAISALABAD , Apr-22, (INP) Turning Pakistan into International economic hub, the 46 billion Dollars Pak China Economic corridor (PCEC) would spur huge trade, business and economic activities in South West and Central Asian Regions of the World.
This was stated by Central Chairman Qaisar Shamas Guccha, Zonal Chairman Muhammad Akram Pasha, Zonal and Vice Chairman Adnan Zahid Butt talking to newsmen here today. They said that economic corridor projects were a comprehensive and all embracing projects comprising of Electricity, Roads, Transport and Railway Lines totaling 51 agreements.
The wide scope of the corridor projects could be assessed from the fact that it includes hydro power, coal power, solar power and wind power electricity producing units on the one hand and from Khanjrab to Gawadar road project and Railway Line, Karachi Lahore Motorway, Matro Transit System, Cultural Centre, Iran Gas Pipe Line and LNG terminal on the other hand. They said the specialty of the economic corridor projects should be estimated from the fact that out of total 51 agreements work on 8 agreements has already started and foundation stones of 5 agreements have been laid where as the energy projects would be completed in 5 years time.
They pointed out that in addition to these projects China was also re-locating its Industrial Units into Pakistan and is thinking of saving huge expenses of Importing Transporting the cotton and yarn from Pakistan to China by establishing textile units in Pakistan manufacturing textile goods and exporting them from Pakistan. Yet an other indirect benefit of economic corridor projects is that it would restore the confidence of foreign investors on Pakistan economic front and the slowing foreign direct investment would turn into successful investment in industrial units and infrastructure facilities in Pakistan. They further stated that economic corridor projects would also shed a positive effect on Industrial Trade and Business activities in Pakistan and the economy of the Country would become stronger.
The leaders of the Association demanded of the Government to effectively control the mismanagement of energy distribution in the Country and proposed that the distribution companies should keep in view the demand of Industrial and trading areas for load shedding system; so that minimizing the load shedding the productivity could be maximized and with the progress of economy textile export could be boosted.