Gwadar termed as jewel in CPEC crown

By Masood Sattar Khan
(Pakistan News & Features Services)

Pakistan’s newly appointed Ambassador to China, Moin-ul-Haque, in an interview, remarked that the Pak-China cooperation in hydro projects would promote the socio-economic development of Pakistan. 

The Ambassador rejected the debt-trap conspiracy theories linked to Pak-China projects and said the socio-economic dividends of the China Pakistan Economic Corridor (CPEC) would help Pakistan to reduce reliance on external borrowing. 

Terming the Gwadar port a jewel in the crown of CPEC, the Ambassador, while talking to the Chinese media on the Independence Day of Pakistan, pointed out that both sides have ensured having prioritized the development of Gwadar port. 

Enhanced bilateral cooperation in agriculture will also help Pakistan to enhance food security, he added 

“On the economic side, these projects would also contribute to job creation, skills development and transfer of technology. Their hydroelectric component would help instigate climate change efforts, lower the overall cost of electricity thus enhancing Pakistan’s overall economic competitiveness,” the Ambassador explained.