‘CPEC phase-II to generate mass employment opportunities, industrialization, agricultural uplift’

The CPEC projects have brought improvement in transportation infrastructure and power supply.

CPEC Authority Chairman Lt-Gen (retd) Asim Saleem Bajwa has said that after the successful completion of CPEC Phase-I, Pakistan is now gearing up for Phase-II. The second phase of the multi-billion dollar China-Pakistan Economic Corridor project will focus on industrialization, socio-economic uplift and the development of the agricultural sector.

In a tweet Asim Bajwa wrote :“Time to gear up for phase-II which is envisioned to generate mass employment through more projects, mass industrialization, agricultural and socio-economic uplift,”

During the last five years, 32 projects have been completed under the China-Pakistan Economic Corridor (CPEC).

The Chairman said that the CPEC projects have brought improvement in transportation infrastructure and power supply. The projects also created more than 75,000 job opportunities and contributed to 1% to 2% of the GDP growth in Pakistan. 

CPEC and Pakistan’s food security needs:

Chairman Pakistan Agriculture Research Council (PARC) Dr. Muhammad Azeem Khan said that CPEC Phase II needs to focus on developing Pakistan’s agriculture sector. The agri-sector offers enormous prospects of growth and trade.

Dr. Azeem said there was a need for improving the productivity of numerous potential sub-sectors of agriculture. It will help in Pakistan’s food security concerns and also international trade.

Till 2013, Pakistan was a food exporting country. After that, it became a food importing country. Khan observed that the second phase of CPEC could help the agriculture sector of the country recover. However, the responsibility lies with the authorities to set targets and strategies carefully to benefit fully from these opportunities.

Dr. Azeem said that the agriculture sector could be improved through the business-oriented model, which could be done through value addition.

He added that combinations of different products being produced along with the CPEC routes do increase prospects in this regard. There is a huge potential for the export and production of fodder, palm oils, and edible oils.

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