Lahore, April 26, 2023 (PPI-OT):Moazzam Ghurki, President Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) stated during a think tank session held today at PCJCCI Secretariat that after successful completion of early harvest phase we have now entered into the second phase with focus on industrial cooperation, trade, agriculture and socio-economic development.
He also said that increase in trade; investment and financial flows would bring peace and prosperity to the region through enhanced competition reducing regional disparities and social inequality. Currently, 22 projects are undergoing fast implementation, higher in pace in comparison with any other corridor of the BRI initiative, making CPEC the central corridor of the initiative.
Fang Yulong, Senior Vice President PCJCCI added that Belt and Road Initiative reflects the far-sighted economic vision which is opening gateways of cooperation among the countries along the route. Connectivity, at the heart of Belt and Road, is primarily about linking region to the world through economic belts to facilitate people to people interaction. He also said that Pakistan is actively engaged in the initiative and its flagship project, CPEC, is progressing in the right direction.
Hamza Khalid, Vice President PCJCCI said that Belt and Road initiative will ultimately change the way economic centers of partner countries are connected. Costs of productivity, transport and logistics as well as competition and market opportunities will be impacted. He said that the partner countries will find more opportunities to add value and carry out intermediate trade in a more time-efficient and cost effective manner.
Salahuddin Hanif, Secretary General PCJCCI said that through Belt and Road forum participating states should promote intergovernmental cooperation, build intergovernmental mechanisms based on shared interests, trust and consensus.
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