Govt urged to follow Shenzhen-style development in Gwadar


ISLAMABAD: The China-Pakistan Economic Corridor is a massive achievement of the government that would change the fate of the country, said former Islamabad Chamber of Commerce (ICCI) president Atif Ikram Sheikh, adding that the Chinese investment on ‘One Belt, One Road’ project would surpass $1 trillion, which would result in additional benefit to Pakistan.

He said that China should motivate its private sector to invest in industrial projects across Pakistan particularly in the underdeveloped areas. “The project will have direct impact on the lives of general public and national economy. Pakistan has become the centre of attraction for international investors because of the CPEC as some 65 countries are joining the ‘One Belt, One Road’ project,” he added.

Sheikh noted that a number of Chinese companies have partnered with Pakistani government to develop energy infrastructure and rail-based mass transit, special economic zones, infrastructure development and Gwadar-related projects.

The business leader said that CPEC is a golden opportunity for Pakistan which is not acceptable for many powers therefore people in the country should try not to make it controversial. He said that government should follow Shenzhen-style development in Gwadar, as Shenzhen is one of the wealthiest cities of China.