Vastavam web: Pakistan and China are “iron brothers” and their friendship is the bedrock of strategic stability in “our region”, Prime Minister Shahid Khaqan Abbasi said today.Addressing the BOAO Forum for Asia being held in the southern Chinese city of Boao, he praised the USD 50 billion China-Pakistan Economic Corridor (CPEC), the flagship project of the Belt and Road Initiative (BRI), which he said is fast reaching fruition.The BRI is a prestigious initiative of Chinese President Xi Jinping aimed at building rail, maritime and road links from Asia to Europe and Africa in a revival of ancient Silk Road trading routes.
The CPEC is a network of infrastructure projects that are currently under construction throughout Pakistan that will connect China’s Xinjiang province with Gwadar port in Pakistan’s Balochistan province.It is natural for Pakistan to take the lead in partnering with China to usher in a new era of peace and prosperity through enhanced connectivity, he said.
He said the development of the deep seaport of Gwadar is proceeding at a fast track.On completion, it will not only serve as a transit and transshipment hub, but become an economic nucleus. Besides Pakistan, it will afford shortest maritime and overland access to Western China, Central and South Asia and the Middle East, he said.Abbasi also praised Xi on his recent re-election as the President with an indefinite term.
President Xi’s historic Belt and Road Initiative has become a global public good, beneficial to all and bringing equality to an unequal world, he said.”This visionary and futuristic initiative is a win-win proposition aimed at bringing shared prosperity for all. Pakistan sees it as an initiative of generational impact which will shape the course of the 21st century,” he said.