ISLAMABAD: Prime Minister Shehbaz Sharif said that China-Pakistan Economic Corridor (CPEC) is laying foundation for sustained indigenous economic modernisation.

In an interview with Global Times, he said over past 10 years, construction of CPEC projects has helped Pakistan reduce bottlenecks caused by past power shortages and weak infrastructure.

He said government will continue to work closely with China to enhance momentum of cooperation between two countries. Regarding Pak-China friendship, he said all-weather strategic partnership between Pakistan and China is deeply rooted in people’s hearts, covering all areas of bilateral cooperation. PM said that two countries support each other on issue of mutual core interests.

Pakistan has always firmly supported One China Policy and believes that Taiwan is its inalienable part, he added. Moreover, premier stated that Pakistan-China relations are an important factor for peace and stability in region and world.

He said that development strategy of coalition government depends on how to repair economic fundamentals that constrain us from realising our existing potential. Furthermore, PM Shehbaz said in order to stabilise economy, we urgently need to lay foundation for long-delayed structural reforms, adding that government also needs to deepen economic and trade relations with friendly countries.

In his concluding remarks, he said that public policy transformation from geopolitics to geo-economics represents a consensus that we should realise potential of to accelerate Pakistan’s development.

Published in The Daily National Courier, August, 18 2022

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