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Next part of CPEC to incorporate agricultural sector: PM Imran Khan

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Next phase of CPEC to include agricultural sector: PM Imran Khan

ISLAMABAD: Prime Minister Imran Khan stated on Friday that the subsequent part of the China-Pakistan Economic Corridor (CPEC) would lay emphasis on the agricultural sector.

Speaking at a ceremony in Islamabad, the premier regretted that the earlier authorities had ignored the sector. “Pakistan is an agricultural country,” he confused.

PM Imran Khan stated the federal government was working with the Chinese officers on rising agricultural merchandise and utilizing their strategies. “The next phase of the CPEC includes boosting the agricultural sector.”

Learning from China

The premier as soon as once more admired China for its methods and asserted that the Chinese mannequin of improvement fits Pakistan’s wants the perfect.

“If we can learn from any one country in the world, it is China. Their development model suits Pakistan the best,” he stated. “The speed with which China developed in the last 30 years is something we can learn from.”

He added that Beijing had managed to show that poverty alleviation is true improvement.

Relocation of Chinese industries to Pakistan

The premier stated the federal government was eager on the relocation of Chinese industries to Pakistan “just like Vietnam”.

“For this purpose, we have launched special economic zones (SEZs). Next, we aim to convince them to export from Pakistan.”

The premier stated no authorities had tried to spice up exports prior to now 50 years. “This is why we have to go to the International Monetary Fund – when our imports outweigh exports and create a current account deficit.”

PM Imran Khan stated the federal government would maintain discussions with the Chinese officers on rising exports within the quick time period. “Pakistan has great potential,” he confused.

2021 would be the 12 months for Pakistan’s financial progress

The prime minister stated 2021 could be a 12 months of financial progress, emphasising that the nation was already transferring in the proper route as important industries elevated productiveness.

Giving an instance of the development sector, PM Imran Khan stated a rise in cement gross sales was a transparent signal that building exercise is on the rise.

He stated the textile business too was producing at full capability for the primary time in a few years, leading to a “shortage of labour” within the sector. 

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