Chinese investment pouring into Gwadar Free Zone at rapid pace: Ahsan Iqbal

Islamabad: Federal Minister for Planning and Development Ahsan Iqbal has said that the Chinese investment is pouring into the Gwadar Free Zone at a rapid pace.

He maintained that the government was focusing on revival of the China-Pakistan Economic Corridor (CPEC) projects.

“Chinese investment is pouring into the Gwadar Free Zone at a rapid pace. This is a huge blessing for Pakistan,” he remarked.

Ahsan Iqbal stressed that the tough decisions taken by government had started yielding positive results.

In a statement, the minister said a Trade and Expo Centre had been completed in Gwadar in a record six-month time.

He said the second phase of Karakoram Highway and the Main Line-I project of Railways are also in progress.

Ahsan Iqbal emphasized the need to develop industries on modern lines, in order to steer the economy in the right direction.

He mentioned that the biggest challenge for the government is to meet the development budget in prevailing economic situation.

The minister informed that in the next fiscal plan, the government will focus on projects that are near to completion.