China Economic Net
Islamabad: Pakistani Prime Minister Imran Khan has said soon the Chinese companies will relocate their industries in Pakistan under the China-Pakistan Economic Corridor (CPEC).
Addressing a ceremony after performing the groundbreaking of upgradation and rehabilitation of CPEC’s 62 kilometers long Lodhran-Multan highway, the Prime Minister said CPEC project had entered in the next phase of industrialization. The Lodhran-Multan highway project will be completed at a cost Pakistani Rs 6.886 billion in two years’ time.
“Now the Chinese companies will relocate their industries in the Special Economic Zones of Pakistan,” he said.
PM Khan said the government was building ten dams as part of efforts to enhance the water storage capacity. “To protect the future of our coming generations, we are planting ten billion trees. The government has given unprecedented incentives to the construction industry and as a result of which the cement sale has reached the record levels,” he added.
The PM said the government has steered the country out of difficult times and now it will witness sustainable growth and development.
He was addressing a ceremony after performing the groundbreaking of upgradation and rehabilitation of sixty two kilometers long Lodhran-Multan highway, in Islamabad on Friday, the project will be completed at a cost 6.886 billion rupees in two years’ time.
The Prime Minister said there will be now wealth generation and people will get job opportunities. On the economic front, he said the people will continue to hear good news.
Imran Khan said the country registered a growth of four percent this financial year despite COVID-19 challenge. He said we not only saved our people from the pandemic but also the economy.
The Prime Minister said the government is focusing on uplifting the agriculture, industries, Information technology, housing and tourism to take forward the country.
Imran Khan said a package was being brought for the farmers to bring green revolution in the country.
Regarding the affordable houses for the people under Naya (new) Pakistan Housing Program, , the Prime Minister said the people have shown great interest in taking soft loans from the banks for construction of houses.
He said the banks had so far received loan demands of sixty billion rupees. He said the government also has a plan to establish such financial institutions which only provide loans for the construction of houses.
The Prime Minister said the government had waged a struggle to purge the society from different mafias, who only work for their vested interests.
“Our struggle is aimed at ensuring rule of law in the country as no society can progress without bringing the powerful people under the umbrella of law,” he added.
In his remarks, Foreign Minister Shah Mahmood Qureshi said three districts of South Punjab: Bahawalpur, Lodhran and Multan will greatly benefit from the upgradation project launched today.
He said this will reduce the travel time between Bahawalpur and Multan to only forty five minutes. He said it is the first time that separate development fund is being allocated for South Punjab from the budget of Punjab.
Speaking on the occasion, Minister for Communications Murad Saeed said the present government has completed road infrastructure of 1753 kilometers in its two and a half year tenure and there is a plan to start work on another 6118 kilometers of roads this year.
The Minister for Communications said that groundbreaking of Sialkot-Kharian motorway will be performed in the next ten days. Approval has also been given for Kharian-Rawalpindi motorway and this project will be started in three months.
Murad Saeed said present government initiated work on the western route of the CPEC which will bring prosperity in the underdeveloped areas of the country.
The Minister for Communications said the government had increased the revenue of National Highway Authority by Rs 72 billion.