CPEC second phase instrumental in achieving SDGs: Govt

(Staff Report):-

Minister of State for Finance Dr Aisha Ghaus Pasha has stated that the second phase of the China-Pakistan Economic Corridor (CPEC) would be instrumental in achieving the SDGs.

Speaking at the launch of a report titled, “All Pakistan Chinese Enterprise Association (APCEA) Sustainable Development Report 2022”, she said that it would also supplement Pakistan’s socioeconomic development.

The minister added that as the infrastructure phase has been completed to fill the gaps, now important thing for Pakistan is the Phase-II, as well as, the joint venture for investment in Pakistan for employment generation, exportable surpluses as well enhancement of exports and thereby, increase in GDP of the country which would help achieve SDGs. She added that SDGs are to lower poverty, better quality of work, as well as, better environment through an increase in income.

She further stated that the CPEC projects have unleashed opportunities for socioeconomic development for the people of Pakistan. The minister further remarked that the support of China is essential for Pakistan’s economic stability. The role of China has been pivotal through projects such as the CPEC. Pakistan needs foreign direct investment for stability.