PM SHEHBAZ SHARIF OF PAKISTAN INVITES TURKEY TO REJOIN THE CHINA-PAKISTAN ECONOMIC CORRIDOR

World News

In order to combat poverty and advance development in the area, Sharif had already invited Turkey to join CPEC in November of last year.

According to Dawn, he had already proposed that China, Pakistan, and Turkey create a “trilateral arrangement” around CPEC so that all three nations could benefit from its potential.

The Turkish Vice President Cevdet Yilmaz was also present when the Prime Minister made these remarks during the launching of the fourth Milgem class corvette on Tuesday at the Karachi Shipyard.

While Port Qasim was a focus, the PM said during the event in Karachi that Gwadar, where the business had “just started,” needed to be connected.

A notable initiative of China’s Belt and Road Initiative (BRI) is CPEC.

According to CNN, Beijing’s BRI international infrastructure investment initiative was founded in 2013 to restore China’s Silk Road, a trade and economic development corridor that connected Asia with Africa and Europe.

Each year, billions of dollars have been invested in infrastructure projects, such as the building of ports from West Africa to Papua New Guinea, the paving of highways from Kenya to Papua New Guinea, and the provision of telecom and power infrastructure for people in Latin America and Southeast Asia.

The multibillion-dollar China-Pakistan Economic Corridor (CPEC), which was unveiled in 2013, was soon named the centrepiece of the Belt and Road Initiative.

The people of Pakistan anticipated that this new development initiative would usher in change and transform their nation into a regional hub.

The South Asian nation has only suffered crippling effects from the investment, though.

The majority of the CPEC projects have continued to be built on the territory of Baluchistan, a poor province with enormous mineral potential, with no hope of financial reward. This feeling of isolation has sparked a widespread uprising against the CPEC in Baluchistan.

Related Posts