‘CPEC to be fate changer’

ISLAMABAD: China-Pakistan Economic Corridor (CPEC) is a fate changer for the people of Pakistan, said Dr Murtaza Mughal president of the Pakistan Economy Watch on Saturday.

The investment of $46bln under CPEC had increased up to $56 billion now, he said, adding, of this $35 billion will be invested on energy projects and the remaining on infrastructure improvement.

This would help overcome energy crisis in the country, he added.

CPEC project would generate more than 700,000 new jobs in Pakistan, he said, adding that the exports of the country would also increase, which would lead to prosperity.

Under CPEC, special economic and industrial zones would be established in provinces and under the control of centre in Pakistan, he said.

Economic expert Dr Gulfaraz Ahmed said that the government has been focusing on building new energy projects under CPEC.

The distribution of energy is another challenging issue for Pakistan, he said, adding that it is required to improve the efficiency, decrease the losses and modernise the process of distribution of energy.

The Asian Development Bank's loan for this purpose would be very much useful, he said, adding that it would improve the country's energy distribution system.