Railway Project Under CPEC to Boost Pakistan's Exports, Says PM Imran Khan
Pakistan Prime Minister Imran Khan said that a railway project under the China-Pakistan Economic Corridor (CPEC) will boost the country's exports by improving connectivity.
Islamabad, Dec 29: Pakistan Prime Minister Imran Khan said that a railway project under the China-Pakistan Economic Corridor (CPEC) will boost the country's exports by improving connectivity.
"With the implementation of the project, Pakistani seaports will be better connected with land routes and the country's export goods would be able to reach international markets in a timely manner, helping Pakistan to earn valuable foreign exchange," Xinhua news agency quoted Khan as saying said in a review meeting on the Main Line-1 (ML-1) railway project here on Monday. CPEC Economic Zone to Generate $1 Billion Investment in Pakistan's Sindh.
Expressing satisfaction over the progress made so far on the project, the Prime Minister said that the ML-1 project would establish a modern communication infrastructure of international standard and create job opportunities as well as new prospects for Pakistan's industry.
He added that the project will start a new chapter to the Pakistan-China fraternal relations.
The CPEC is a flagship $62 billion project of Chinese President Xi Jinping's Belt and Road Initiative that aims to connect Asia, Africa and Europe through a vast network of highways, rail lines and sea lanes.
The multi-billion dollar corridor connects the Chinese city of Kashgar with Pakistan's Gwadar port on the Arabian Sea.
(The above story first appeared on LatestLY on Dec 29, 2020 08:57 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).