Minister for Planning and Development Asad Umar has said that the benefits of CPEC will start to trickle into the productive sectors of the economy including agriculture and industry during the year 2020.
Islamabad: The Minister for Planning and Development Asad Umar has said that the benefits of China Pakistan Economic Corridor (CPEC) will start to pass out to the productive sectors of the economy including agriculture and industry during the year 2020.
Asad Umar revealed that the first phase of CPEC addressed the key infrastructure gaps in the economy with a focus on energy and transport hiccups. He also added that the big projects under CPEC are being targeted to complete in 2020. These projects also include the trade and transport connectivity project of KKH Phase-II, Havelian-Thakot road, and Sukkur-Multan Highway.
Because of these projects, the transit time will reduce and trade of goods and services will escalate. Moreover, Asad Umar also said that PKR 40 billion in Chinese grants is being utilized for the upgrading of road infrastructure and airport in Gwadar.
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