CPEC investment has increased to $60bn: Sartaj Aziz

Published
12

Total investment envisioned under the China-Pakistan Economic Corridor (CPEC) has increased to $60 billion, Radio Pakistan, the state-run radio service, reported on Tuesday while quoting the deputy chairman of the Planning Commission, Sartaj Aziz.

Aziz made the remarks after speaking to a delegation of Chinese journalists in Islamabad, whom he told that Pakistan has evolved a liberal investment policy to attract foreign investment in the country.

CPEC has become a regional project which offers immense investment opportunities, he said; adding that China and other countries can invest in industrial zones to be established in Pakistan.

The deputy chairman, who also enjoys the status of a federal minister, said that CPEC is enabling the shifting of Chinese industries to Pakistan.

"Pakistan will be able to export a number of goods to China under the growing cooperation in the agriculture sector," he said.

"The less developed areas of the country will enter a new era of development due to the [spillover effect from] CPEC's routes," he added.

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