CPEC green development changing development landscape in Pakistan

ISLAMABAD, Aug 18 (NNI): Eulogizing Chinn’s continued support for Pakistan, the Federal Minister for Planning, Development and Special Initiatives, Prof Ahsan Iqbal said that the iron brother country has been supporting infrastructure development in Pakistan since President Xi Jinping during his visit announced to invest $46 billion under the China Pakistan Economic Corridor (CPEC) in 2014.
Speaking at “China Pakistan Economic Corridor (CPEC) Green-Development High Level Policy Dialogue” organized by Sustainable Development Policy Institute (SDPI) held here on Thursday, he said this agreement followed by an investment inflow of $29 billion in the same year.
These investments proved instrumental for CPEC and supported development of infrastructure such as road networks and introduced alternative energy sources in the country.
He said that the government is reinvigorating to complete development of 9 Special Economic Zones in Pakistan and move to strengthening industrial cooperation. He termed political stability, social solidarity and continuity of policies as the prerequisites for socio-economic progress and prosperity.
He said that creating an enabling environment for business to business relations is key to attract and avail foreign investments in the country and re-emphasized government’s commitment to fast track green development projects under CPEC.
China’s Ambassador to Pakistan H.E. Nong Rong said that the prime focus of Belt and Road Initiative (BRI) and CPEC is on on sustainable initiatives in green infrastructure, green energy, green finance and modern agriculture.