Published Date: Oct 21, 2014
China to invest $45bn in four years
ISLAMABAD: Minister for Planning and Development Ahsan Iqbal has
reiterated that China would invest $45 billion in projects in Pakistan
in the next three to four years.
Mr Ahsan said $34 billion will be
invested in energy and $11 billion in infrastructure. He said this
after delivering a lecture on “democracy, development and role of
youth,” organised by the Sustainable Development Policy Institute
“The investment is crucial as it will help revive the manufacturing sector, generate employment and reduce poverty,” he said.
government has completed LNG terminal and from the early next year, gas
supply from the facility would run into the system, he added.
minister said Pakistan should live in peace with all its neighbours and
should not interfere in the internal affairs of Afghanistan, which is a
big market for Pakistan. He said that India lost opportunity in
Pakistan because of its recent aggressive posture.
said his government was pursuing five basic prerequisites for
translating growth into development, which includes political stability,
right economic agenda, investing on human resource, avoiding conflicts
and enabling technological solutions.
It is the reason why the
Higher Education Commission has been given its budget without any cut.
To improve the status of education, the National Education Curriculum
Council has been introduced to standardise the certification system, the
Higher Education Commission Chairman Dr Mukhtar
Ahmed shared programme of the commission for the next few years that
includes enabling internet throughout the university campus and
handholding concept for improving local educational institutions in the
vicinity of universities.
SDPI’s Executive Director Dr Abid
Qayium Suleri in his introductory remarks said, depoliticising youth by
banning student unions has played a negative role in building political
Source : http://www.dawn.com/news/1139232/china-to-invest-45bn-in-four-years