Newly appointed Minister for Planning and Development Asad Umar on Friday said that the ongoing phase of the China-Pakistan Economic Corridor (CPEC) will bring about socioeconomic benefits for the welfare of the people.
He was talking to Chinese Ambassador to Pakistan Yao Jing, who called on the minister in Islamabad today, according to a statement issued by the planning ministry.
Umar during the meeting noted that the bilateral framework agreements between Pakistan and China have now entered the second phase with a focus on poverty alleviation, agriculture and industrial cooperation.
He said that CPEC offered “enormous potential” to boost the national economy and reduce poverty. The minister and the envoy also discussed future projects which would be brought under the CPEC umbrella.
The Chinese ambassador congratulated Umar on assuming the office of the federal minister for planning, development and reform and special initiatives.
The envoy “expressed satisfaction over the progress of CPEC projects, noting that the pace of CPEC projects has accelerated after the incumbent government came into power”, the press release said.
Yao expressed the hope that the bilateral partnership between the two countries will further strengthen in the future.