Pak Minister hopeful of billion dollar grant from China

Pak Minister hopeful of billion dollar grant from China

Agency News

Islamabad, Jun 21: Pakistan Planning and Development Minister Khusro Bakhtyar on Friday expressed hope that China will provide one billion dollars grant for socio-economic development in the country.

Addressing China-Pakistan Economic Corridor (CPEC) forum in Islamabad, he said cooperation in education, health, water, poverty alleviation and other sectors has been included in socio-economic development and agricultural development along with industrial development will be focused in the next phase of CPEC.He urged the private sector to take the lead in industrial development and said cooperation in the industrial sector will further strengthen the relationship between Pakistan and China, Radio Pakistan said in a report.

Mr Bakhtyar said China has offered free access for export of 313 Pakistani items."Huge investment was made in energy sector under CPEC in Pakistan during the last six years," Mr Bakhtyar said, adding that a memorandum of understanding has also been signed with China for establishing foot and mouth disease free zones."Pakistan desires to benefit from Chinese experience in different sectors," the minister said, so "structural reforms are being introduced in the country."

He apprised that development of Gwadar Port has been given special focus by the present Imran Khan regime. He said in the infrastructure sector, railway network and development of coastal areas, including Gwadar Port, are being given special importance. He said Gwadar Master Plan will give impetus to economic activity in Gwadar. (UNI)