Speakers For Enhancing Capacities Of Industrial Sector To Take Leverage From Belt And Road Initiative

The speakers at a seminar on Thursday stressed the need for enhancing the capacities of local industries to take full advantage of industrial collaboration with China under China-Pakistan Economic Corridor Project (CPEC) and harnessing the true potential of Chines initiative of One Belt and One Road.

ISLAMABAD, (UrduPoint / Pakistan Point News - 13th Dec, 2018 ) :The speakers at a seminar on Thursday stressed the need for enhancing the capacities of local industries to take full advantage of industrial collaboration with China under China-Pakistan Economic Corridor Project (CPEC) and harnessing the true potential of Chines initiative of One Belt and One Road.

The seminar "five years of belt and road initiative: Chines vision for shared destiny", was organized by the Center for Belt and Road Initiative in collaboration with China Pakistan Economic Corridor Studies and Institute of Peace and Diplomatic Studies.

The aim of the event was to discuss the progress of the different developmental projects initiated under CPEC and the future prospects of one belt one road initiative in local economy and take measures for the capacity building of national institutions to take full leverages from these projects.

Speaking on the occasion, Professor Dr Muhammad Khan from International Islamic University said that belt and road vision was conceive by Chines leadership to share the benefits of developments and prosperity with the under developed areas of the world.

He said that it was developed to connect the South Asia with Central Asia, Europe and Africa with road and see routes to promote trade and business for extending the outreach of economic economic development and social prosperity of under privileged people.

He said that belt and road was part of globalization and its was a response to US and Europe economic influence in international markets which was restricted with particular countries and a very small portion of the society.

He said that Pakistan could achieve a lot by safeguarding the interests of local businesses as well as enhancing its industrial base, diverting its focus to value addition and producing the exportable surplus.

Addressing the seminar, Director Chines Study Center Ambassador (R) Dr Hassan Javed said that it was historic moment that five years of belt and road was completed and it had achieved remarkable success.

He said that China had achieved remarkable development during last four decades where as Europe had taken about 400 years to achieve the goal.

Speaking on the occasion Dr Muhammad Munir stressed the need for taking the local chambers on board and diversifying the local industrial sector to promote exports.

He urged the government for formulating industrial policy for harnessing the trade and investment potentials under CPEC.