Chairman Senate Yousaf Raza Gilani Praises CPEC Success and Future Collaboration
Annual Sustainability Report 2023 Launch Highlights Economic Cooperation and Future Prospects
Islamabad – Chairman Senate Yousaf Raza Gilani praised the China-Pakistan Economic Corridor (CPEC) as a success and underscored Pakistan’s commitment to ongoing collaboration with China across various sectors.
His remarks came during the launch of the Annual Sustainability Report 2023 at the Pakistan Institute for Parliamentary Services (PIPS), jointly organized by the Sustainable Development Policy Institute (SDPI) and the China Chamber of Commerce Pakistan.
CPEC: A Non-Partisan Agenda
Chairman Senate Yousaf Raza Gilani emphasized that CPEC remains a non-partisan agenda in Pakistan, with broad political support. He highlighted the significance of the MoU signed between Pakistan and China for the second phase of CPEC, signaling continued commitment to bilateral cooperation.
Historical Perspective and Leadership
Reflecting on historical ties, Chairman Senate noted the foundational roles of Shaheed Zulfikar Ali Bhutto and Chairman Mao in fostering strong Pakistan-China relations. He credited subsequent leaders, including Shaheem Mohtarma Benazir Bhutto and President Asif Ali Zardari, for advancing economic cooperation, paving the way for CPEC.
Resilience Amid Challenges
Acknowledging Pakistan’s challenges on economic and socio-political fronts, Chairman Senate highlighted the resilience demonstrated in the face of adversity.
Security and Economic Facilitation
Chairman Senate reaffirmed Pakistan’s commitment to ensuring security for Chinese citizens and workers involved in CPEC projects. He outlined the role of the Special Investment Facilitation Council (SIFC) in addressing challenges and streamlining project implementation.
Sectoral Expansion and Environmental Sustainability
Chairman Senate underscored CPEC’s rapid expansion across energy, infrastructure, agriculture, transportation, and industrial development. He emphasized joint efforts in developing Special Economic Zones and promoting environmental sustainability in economic growth.
Financial Diversification and Green Initiatives
Encouraging the use of Chinese currency in Pakistan’s financial transactions, Chairman Senate highlighted potential benefits for the economy. He underscored joint commitments to green energy initiatives and leveraging Chinese expertise in renewable technologies to meet Pakistan’s energy goals.
Future Prospects and Collaboration
Chairman Senate praised President Xi Jinping’s vision and China’s substantial investment in balancing development with environmental protection through CPEC. He urged collaboration between Chinese and Pakistani companies to access funding for joint projects, fostering stronger bilateral relations.
Acknowledgement and Call to Action
Chairman Senate thanked SDPI and the Chinese Chamber of Commerce Pakistan for their contributions and urged continued efforts in Pakistan’s development. He emphasized building understanding and cooperation for a resilient future.
Chairman Senate commended SDPI and the Chinese Chamber of Commerce Pakistan for their collaborative efforts in producing the Annual Sustainability Report 2023, highlighting its comprehensive insights into Pakistan-China economic relations.