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Dar rejects India's contention on CPEC

SAMAA | - Posted: Jun 2, 2015 | Last Updated: 7 years ago
Posted: Jun 2, 2015 | Last Updated: 7 years ago

ISLAMABAD: Federal Minister for Finance Senator Mohammad Ishaq Dar on Tuesday categorically rejected Indian leaderships seven neighbours theory, describing it as totally fallacious.

He said that there was nothing controversial about the route of China Pakistan Economic Corridor (CPEC) and the areas it passed through were all parts of Pakistan.

India, he said, was misunderstanding Pak-China cooperation.

Dar added that CPEC was not against anyone's interest.

The Finance Minister stated this while meeting with Dr. Baige Zhao, Co-chairperson of RDI, the joint Pak-China Think Tank on CPEC, Ms Hongyan Zhang, Mayor of Karamay City of Xinjiang and other members of the visiting Chinese delegation here today.

“War phobia can only be defeated through economic development. Peace and prosperity can be achieved with economic advancement”, Finance Minister remarked.

Finance Minister, Senator Mohammad Ishaq Dar has said that China Pakistan Economic Corridor (CPEC) was envisioned by Prime Minister Nawaz Shairf and the Chinese leadership which was now becoming a reality.

The CPEC would be beneficial not only for China and Pakistan but also for the people of whole region, he added.

The Minister on this occasion said signing of CPEC between Pakistan and China had paved the way of economic prosperity for three billion people in the region.

He said that out of the total volume ofUS $ 46 billion, projects worth US $34 billion were in the private sector.

“We have encouraged the participation of the private sector in undertaking these projects”, Finance Minister said. – APP

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