ISLAMABAD: Yao Jing, ambassador of People’s Republic of China to Pakistan, said win-win B2B (business-to-business) cooperation and enhanced P2P (people-to-people) contacts should follow the foundational G2G (government-to-government) phase of China-Pakistan Economic Corridor (CPEC) to achieve next level.
He was speaking at a seminar “CPEC 2015-2019: Achievements, Challenges and the Way Forward” which was jointly organised by the Institute of Policy Studies (IPS), Islamabad, CPEC Economic Forum, and Pakistan Institute of Management (PIM).
The seminar also marked the fourth anniversary of CPEC agreement between China and Pakistan.
The ambassador said as many as 26 new CPEC initiatives were on the way as well.
The focus of new CPEC investments would shift from G2G interactions to B2B and P2P cooperation, eventually encouraging the private sector investors from both the countries to play their part especially in the areas of industrial and social development, he added.
“The energy projects under CPEC have contributed to a GDP increase of about one percent in Pakistan so far, but the real dividends of the megaproject would unfold with time, eventually helping in releasing economic pressures on Pakistan considerably,” he said.
In this picture, the PCJCCI logo can be seen on September 1, 2022. — Facebook/Pakistan China Joint Chamber of...
The logos of the World Bank and IMF. — AFP FileNEW YORK: The United States is the MVP of GDP. That was the...
A security guard sits in front of a wall with signs and slogans at the operation building at the Pakistan Steel Mills ...
A worker cleans the entrance to the headquarters of Bank Indonesia, the nation's central bank, in Jakarta, Indonesia....
The MCB's logo is seen on a wall outside the bank's head office. — MCB websiteKARACHI: MCB Bank Limited on...
Stack of Rs5,000 and Rs1,000 notes. — AFP/FileKARACHI: The rupee lost ground against the dollar in both currency...
