Sunday , April 5 2020

Chinese grant of $1bn for less privileged areas: Bakhtiar

Islamabad: Minister for Planning and Development Makhdoom Khusro Bakhtiar asserted that China would give $1bn grant for less privileged areas on Sunday .

While talking to media, Khusro Bakhtiar told that the government would follow Chinese model to eliminate poverty from the country. He informed that China is willing to invest in petrochemical sector of the country.

He further said that special economic zones under China-Pakistan Economic Corridor (CPEC) would be made operational soon.He told that the government will make measures to boost agriculture sector and would reduce import bills.

Minister informed that Imran Khan focused on elimination of poverty, he told that PTI-led govt is planning the Gwadar’s master plan.

Previously, on Dec 21 the minister had told that Special Economic Zones will soon be established for the socio-economic progress in the country under the umbrella of CPEC.

During his recent visit to China he went to Chinese Development and Research Centre in Beijing. The minister had said Gwadar will be developed as the main hub in years to come and establishment of Petrochemical Complex would give a new dimension to Gwadar.

He expressed the China Pakistan Economic Corridor (CPEC) was significant project of the Belt and Road Initiative.

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