KPK will invest 2.5 billion in 5 projects of CPEC

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PESHAWAR: (I.R.Khan) KPK will invest 2.5 billion

Journalist Imran Rasheed

Khyber Pakhtunkhwa government will invest two and a half billion

rupees in five CPEC projects for construction, development,

maintenance and solarization. The Chinese government has started

giving more scholarships to students of Khyber Pakhtunkhwa. Study

center established, significant improvement in infrastructure in

Khyber Pakhtunkhwa after the launch of CPEC, direct investment

associated with political stability.

=CPEC played an important role in ther development of KPK

According to Wealth Pak report, China Pakistan Economic Corridor

has played an important role in the development of Khyber

Pakhtunkhwa considering its strategic importance. and will lead to

social development besides improving infrastructure, energy sector

and industrial development in the province, however, it will be a test

for the provincial government to convey the benefits of the CPEC

projects to the masses.

=Modern industrial parks will be established in the province

The CPEC route passing through Khyber Pakhtunkhwa will greatly

boost the economy and industry of the province. Under CPEC,

modern industrial parks will be established in the province, which

will create employment opportunities and attract large investments

in the province. Prof. Fakhrul Islam, Director of Pakistan Study Center,

University of Peshawar, said that CPEC is a part of the Belt and Road

project that has great potential for economic stability and

sustainability.

=SEZ will be the key to development. Prof.Fakhrul Islam

CPEC is definitely a game changer but it is also a test of our mettle.

It depends on our ability to maximize the benefits of foreign

investment and expertise. He said that special economic zone

projects need to be given priority because in the past, due to

various reasons, big industries in the province were not very

successful. He said that small and agricultural industries should be

established in Special Economic Zones. He said that if the plan is

implemented successfully, the Special Economic Zones will be the

key to development.

=Policy reflecting the priorities of the province

Professor Fakhrul Islam said that a policy reflecting the priorities of

the province should be formulated in this regard. He said that

special economic zones will greatly benefit the workers of the

province as employment opportunities will be created. He said that

development of special economic zones will lead to balanced

industrial development and economic prosperity. Foreign direct

investment has had a particularly positive impact on developing

economies.

=The government needs to stabilize the political situation

He said that the government needs to stabilize the political situation

of the country. It is very important for the government to formulate

and implement a long-term strategy for economic development.

Otherwise, there will be very little investment from China and other

countries which will not allow Pakistan to realize its export potential

and fulfill its development goals. He said that the Chinese

government has started giving more scholarships to the students of

Khyber Pakhtunkhwa. . He said that professors from different

universities of Pakistan were also invited to China to exchange their

views with the people there and build consensus on CPEC.

=University of Peshawar has establishing China Study Center

Many universities in Pakistan have established ‘China Study Centres’.

have done and are running many more Chinese language learning

centers. Some universities of Khyber Pakhtunkhwa are also

establishing such centers. University of Peshawar has taken the lead

by establishing the first China Study Center in the province,

Professor Fakhrul Islam said that the aim of the center is to enhance

research, learning, projects and people-to-people links with China.

=Significant improvement in infrastructure in KPK

Professor Fakhrul Islam said that China and Ongoing cooperation

between Pakistan in the field of higher education and language

studies is among the outcomes of CPEC. After the launch of several

projects under CPEC, there has been significant improvement in

infrastructure in Khyber Pakhtunkhwa. Investments made through

CPEC projects have made the economic outlook of the province

quite encouraging. The Khyber Pakhtunkhwa government will invest

two and a half billion rupees in five CPEC projects: construction,

development, rehabilitation and solarization.

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