Govt to set up CPEC Authority to speed up work on projects: Khusro

Gwadar to be regional leading trading port: Planning minister

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ISLAMABAD
Federal Minister for Planning, Development and Reforms Khusro Bakhtiar announced on Saturday that the government has decided to form Pak-China business council, and it has forwarded the names of leading businessmen to the Chinese embassy in this regard.
Addressing a news conference here along with Special Assistant on Information Firdous Ashiq Awan, he said the second phase of China Pakistan Economic Corridor (CPEC) is being initiated and the government will constitute a CPEC authority of highly skilled and modernized human resources to upgrade the existing structure for speedy and focused execution of the projects. He said a bill to this effect will soon be introduced in the parliament.
The two countries have also decided to establish a Pakistan-China Business Council with a view to include people from the private sector to implement industrial and agricultural development projects under the second phase of CPEC, the minister said. We are trying to take the focus of the CPEC to the business community level besides the governmental level. He informed media that Chinese officials are expected to visit Pakistan in the last week of October.
Talking about the Gwadar Master Plan, Bakhtiar said that it is in the last phase and will be presented soon. According to the master plan, Gwadar will become a smart port city in the world. The project of MLA-1 worth 8.5 billion dollars and it will be completed in three phases, the minister continued. The foreign minister of Afghanistan proposed a railway track from Mazar Sharif to Peshawar, Bakhtiar mentioned adding that CPEC has projects related to railways among many others. Four thousand solar systems have arrived in Pakistan from China, he said.
Reiterating government’s resolve of no compromising on development of China Pakistan Economic Corridor (CPEC), Federal Minister for Planning, Development and Reforms, Makhdoom Khusro Bakhtiyar said the government would soon establish CPEC Authority to speed up work on projects under it.
The authority would help strengthen country’s endeavors to achieve the set economic targets and enhance regional connectivity, Khusro said while addressing a press conference along with Special Assistant to Prime Minister on Information and Broadcasting Firdous Asiq Awan. He said the required legal framework would be prepared for the purpose as soon as possible. We would soon come up with bill so that the CPEC authority is established as soon as possible, he added.
He said that the government had decided to set up China-Pakistan Economic Corridor Authority to upgrade the existing structure for speedy and focused execution of the projects. He said a bill to this effect will soon be introduced in parliament. The Minister said the authority will work under Ministry of Planning and Development, and specialists in various sectors will work with a focused and scientific approach.
He said the two countries have also decided to establish Pakistan-China Business Council with a view to include people from the private sector to implement industrial and agricultural development projects under the second phase of CPEC.

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