Pak-China business council to be formed: Khusro

Published June 22, 2019
ISLAMABAD: Planning Minister Makhdum Khusro Bakhtyar is addressing a cpec Forum on ‘regional cooperation and industrial development through B2B cooperation’ on Friday.
ISLAMABAD: Planning Minister Makhdum Khusro Bakhtyar is addressing a cpec Forum on ‘regional cooperation and industrial development through B2B cooperation’ on Friday.

ISLAMABAD: Minister for Planning, Development and Reform Makhdum Khusro Bakhtyar on Friday said that the government was considering to establish a Pak-China business council to promote private sector role in China-Pakistan Economic Corridor (CPEC).

Addressing the CPEC Forum, organised by Zalmi Foundation in collaboration with Embassy of China, the minister said relations between the two countries span over more than seven decades and the China-Pakistan Eco­nomic Corridor was an important outcome of the bilateral relations.

He said under CPEC a huge investment was made in energy sector during the last six years which helped Pakistan coming out of energy crisis.

The minister said now the country was undertaking structural reforms and the government was committed to strengthening public sector institutions.

He said in order to boost country’s gross domestic product growth rate, the tax circle would have to be expanded.

Keeping in view the lower volume of exports, the minister said, the government was now focusing on promoting industrial and agricultural cooperation with China.

He said the agriculture sector possessed a huge potential which would be fully utilised with cooperation of China.

He pointed out that for socio-economic development, China would extend a grant of $1 billion to Pakistan.

The socio economic development includes various sectors such as education, health, water, poverty alleviation, and others, he added.

Published in Dawn, June 22nd, 2019

Opinion

The great Covid dole
Updated 04 Mar 2021

The great Covid dole

The government is serving the poor with its words and the rich with its deeds.
Informal sector
04 Mar 2021

Informal sector

Pakistan’s black economy is linked to governance.
The game is on
Updated 03 Mar 2021

The game is on

The PDM appears much more confident despite the fact that it is lacking in numbers.

Editorial

04 Mar 2021

Senate upset

THE Senate election results have delivered a stunning blow to the PTI. While the ruling party has seen an increase ...
ME ‘security pact’
Updated 04 Mar 2021

ME ‘security pact’

THERE has been an overflowing of bonhomie between the Gulf Arabs and Israel over the past few months, much of it...
04 Mar 2021

Students’ protest

A GROUP of university students in Karachi and Hyderabad caught the media’s attention when they announced a...
Vaccine challenges
Updated 03 Mar 2021

Vaccine challenges

THE last few months have seen several countries rolling out vaccination drives against the novel coronavirus, which...
03 Mar 2021

Rising prices

CONTRARY to government projections and market expectations, the cost of goods and services for the public during...
03 Mar 2021

Myanmar crisis

THE political crisis triggered by the military coup in Myanmar on Feb 1 is worsening, with the generals refusing to...