Minister for Planning, Development and Reform Professor Ahsan Iqbal said that Pakistani and Chinese entrepreneurs should enter into joint ventures and take advantage of the opportunity created by China Pakistan Economic Corridor (CPEC) to ensure sustainable development and eradication of poverty.
He expressed these views while speaking to a Pakistani delegation that is going to participate in a three day “One Belt One Road Entrepreneurs Summit” scheduled to be held in Beijing, China, a statement said.
Headed by Project Director CPEC Major General ® Dr. Zahir Shah, the delegation is constituted by 20 business community representatives from four provinces, FATA, Kashmir and Gilgit Balitistan.
Speaking on the occasion, Ahsan Iqbal said that government is ensuring connectivity in the form of road and rail infrastructure, building airports and sea port, so the entrepreneurs can take advantage of these developments and initiate joint ventures with the Chinese.
He further said that labor cost in China is rising while in Pakistan it is still low so the Pakistani companies can offer Chinese counterparts a platform for manufacturing.
“This opportunity will not only create jobs but will pave new ways for development” he added.
He said that despite huge investment in the country and improvement in global ranking, some elements are defaming the country by leveling baseless allegations against government and the investors.
He said that selection of construction companies for CPEC project is fully transparent as the responsibility rests with China to give three names for any project where Pakistan can select the lowest bidders.
“Leveling allegations despite transparency is tantamount to corruption charges against China” he added.