HomeCPECCPEC has attracted $25 billion investments in Pakistan

CPEC has attracted $25 billion investments in Pakistan

The China-Pakistan Economic Corridor (CPEC) has achieved major progress since its launch seven years ago, bringing a total of $25 billion of direct investments to the country, the Chinese Foreign Ministry said on Wednesday.

During his regular briefing in Beijing, Foreign Ministry Spokesperson Wang Wenbin noted that many projects has been started or completed under CPEC, a dynamic project of the Belt and Road Initiative (BRI) launched by President Xi Jinping.

He particularly mentioned the completion of Orange Line Metro Line (OLMT) in Lahore, Pakistan’s first electric-powered public transport project. “Last month as an early harvest project, the Orange Line, was made operational, marking the beginning of the subway era for Pakistan,” he said.

Wang said that projects completed under CPEC, had enhanced infrastructure and power supply in Pakistan and created employment opportunities for the locals and contributed towards the growth of gross domestic product (GDP).

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