PM highlights ‘One Belt, One Road’ policy at China conference

PM highlights ‘One Belt, One Road’ policy at China conference

BEIJING: Prime Minister Muhammad Nawaz Sharif has said that Pakistan strongly favours cooperation and synergetic partnerships across regions to ensure socio-economic development and prosperity.

He was speaking at the Leaders’ Roundtable on Policy Synergy in Beijing on Monday.

The Prime Minister said it is imperative that we appreciate the “Belt and Road” initiative in its proper perspective of interconnected development. It is now turning into the centre of gravity for half of the world’s economies in Asia, Africa and Europe.

The Prime Minister said as part of the same initiative under China-Pakistan Economic Corridor banner, we have made phenomenal progress in a short span of time through active participation in the areas of infrastructure, energy, industrial zones and telecommunications.

He, however, said four areas require more focus. First, overall progress should be reviewed as we all stand to benefit from early harvest projects. Second, we need more synergy in our development strategies both at the regional and international levels. Third, this initiative must continue to deliver “win-win” outcomes. Four, we should build on the solid foundations of One Belt One Road to make it a living, growing and organic partnership.

The Prime Minister said Pakistan is harmonizing national development plans with China-Pakistan Economic Corridor, closely coordinating with China for planning and implementation of CPEC and liaising with International Financial Institutions for policy alignment.

He called for expanding consensus for One Belt One Road, enhancing cooperation in development and implementation and prepare a blueprint and roadmap for long-term cooperation.

Speaking in the second session of the roundtable on Connectivity Cooperation for Interconnected Development, the Prime Minister said Pakistan is pursuing vision of a peaceful, inter-connected and prosperous neighbourhood with great determination.

He said rapid digitalization and next generation connectivity are at the heart of our agenda for transforming into a knowledge-based economy.

The Prime Minister said CPEC is creating new supply and logistic chains, as well as manufacturing networks. It has infused Pakistan’s economy with new vitality and dynamism.

He said Gwadar Port, which is the pivot of CPEC, will link up East, West and South Asia. It will also reach out to African and European markets.

The Prime Minister said core of the “One Belt-One Road” initiative is connectivity and long-term development, especially in developing countries.

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