China set to implement ‘3.$5b Karachi project’

China set to implement ‘$3.5b Karachi project’

 Pakistan  Pakistan

China is eager to work with Pakistan to implement the decisions of the recently held 10th Joint Cooperation Committee (JCC) of CPEC, including the Karachi project, Chinese Foreign Ministry Spokesperson Hua Chunying said on Tuesday.

“In the 10th meeting of CPEC’s joint cooperation committee, Pakistan and China agreed to include the Karachi’s coastal belt in the CPEC framework and listed it as an outcome of the meeting,” she said in her regular briefing while commenting on Karachi Comprehensive Coastal Development Zone (KCCDZ) being included in the CPEC framework.

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Prime Minister Imran Khan, in a tweet, termed the inclusion of the Karachi coastal belt in CPEC as a game-changer for the region and expressed hope that it would aid in cleaning up marine habitat for fishers, speed the creation of low-income housing units, and garnering investment opportunities. It would put Karachi at par with the developed port cities.

Chunying said Pakistan and China are all-weather strategic partners, and CPEC is a significant project of the Belt and Road Initiative (BRI).

“We are willing to work with this all-weather strategic partner to implement the common understanding of the outcome of the JCC meeting.”

She said that the Chinese side would ensure swift operations and construction of existing projects to highlight the cooperation in the green economy, health, and digital areas.

“We are set to work on various fronts in our cooperation, to improve the quality of the structure of CPEC and provide new direction to the development and the livelihoods of people,” she added.

As per Dr. Khalid Mansoor, Special Assistant to the Prime Minister (SAPM) on CPEC Affairs, the inclusion of KCCDZ in CPEC in the Joint Cooperation Committee for CPEC would widen the horizon of development for the country.

He pointed out that it is an opportunity for foreign investors to invest in Pakistan.

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