South Asian economies urged to take benefit from CPEC

ISLAMABAD: South Asia may derive benefits from China-Pakistan Economic Corridor (CPEC) as it was an energy-deficient region which could use Central Asia’s huge gas and oil resources to help meet its energy requirements. 

This was stated by Chief Executive of Pakistan Furniture Council (PFC) Mian Kashif Ashfaq, while talking to a delegation of Chinese furniture producers. 

He said that Gwadar Port will be connected with Central Asia for trade and energy transportation, which will open way to Central Asia for bilateral trade. 

He further said the economic corridor will connect China to the world and will have a significant impact on the China, Pakistan and regional economies. 

CPEC project will lift friendship to new heights as this project will have profound impact not only on Pakistan and China but entire region, he added. 

Pakistan is a hub of business activities for South Asia, Central Asia and China, he said, adding the corridor project will impact lives of three billion people in Asia. 

China-Pakistan economic corridor projects envisage $34 billion investment in energy sector and around $11 billion in infrastructure sector, he added. 

These projects offer immense opportunities to businesses in both countries and will give boost to Pakistan’s economy, he added.