Pakistan working to promote connectivity among countries: PM

PM Abbasi arrives in Switzerland to attend the WEF

Expressing strong support to China on its Belt and Road Initiative, Pakistan Prime Minister Shahid Khaqan Abbasi on Wednesday said it is much more than just an infrastructure partnership and will go a long way in creating a shared future in a fractured world. "The Belt and Road Initiative (BRI) will benifit not only the region but the whole world for decades or probably millenniums to come", he said while addressing a news conference at World Economic Forum (WEF) in Davos on Thursday.

He said that the government is working for the bright future of the nation and stressed that democracy is getting strengthened in Pakistan day by day.

Prime Minister Abbasi is on a two-day visit to attend the event on the invitation of Swiss President Professor Klaus Schwab.

The BRI passes through 80 countries that generate 40 per cent of the global gross domestic product and account for 60pc of the world population.

The participants explored implications for regional collaboration and the expansion of clean infrastructure and offered their perspective on what the project would offer the world. Pakistan had achieved high economic growth with low inflation and it was a positive scenario augmenting greater investor confidence, he said, and added Pakistan had completed 1,700 kilometers of six-lane motorways under the CPEC, a target which many developed countries found hard to achieve. It has a capital of US$ 100 billion and Pakistan is one of the founding members of the bank.

The Prime Minister told that BRI is physical manifestation of the bonds between countries that existed through history. US-based infra consultancy major Aecom's Chairman Michael Burke said BRI is the largest infrastructure project seen in our lifetime and will have a big impact on the GDP of the region with free movement of goods and other benefits. "The world must acknowledge Pakistan's efforts and sacrifices in fight against terrorism", he said.

He said Singapore is closely working with the Chinese agencies for this project.

The speakers were of the view that the Belt and Road would help bridge the technological gap between the participating countries and would be sustainable.

Liqun said financial sustainability is key to the long- term success of the initiative.

Related:

Comments

Latest news

Trump Says US May Re-enter TPP For 'Much Better Deal'
The remaining countries are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. And this week, Japan announced that the other countries involved in the TPP have officially moved on without the U.S.

United Kingdom to consider crackdown on Bitcoin
She stopped short of connecting the dots between cryptocurrency and terrorism, in spite of her interviewer urging her to do so.

Four Male BBC Presenters Agree To Pay Cuts After Pay Disparity Revelations
Gracie is now returning to the newsroom in London, saying she expects to be "paid equally". And the corporation is believed to be in discussions with North America editor Jon Sopel .

Manchester City to face Arsenal in League Cup Final at Wembley
Pedro collected N'Golo Kante's pass and threaded the ball through to Hazard, who slotted past Arsenal keeper David Ospina . Chelsea fans got to witness Ross Barkley for the first time after he was brought on for Willian on the half hour mark.

Celebrities Who Suffer With Chronic Diseases
Now if that isn’t the epitome of what a BFF is, I don’t know what is! Selena continues to be on chronic medication. There is also a huge list of celebrities past like famous painter vincent Van Gogh who suffered with this disease.

Other news