CPEC to generate more than 700,000 new jobs in Pakistan: Analysts

ISLAMABAD: Pakistan Economy Watch President, Dr Murtaza Mughal has said that China Pakistan Economic Corridor (CPEC) was a fate changer for the people of Pakistan.

Talking to Radio Pakistan, he said that the investment of $46 billion under CPEC had increased up to $56 billion now.

According to Dr Mughal $35 billion will be invested on energy projects and remaining on infrastructure improvement.

He said this would help overcoming Pakistan's energy crisis.

The head of Pakistani Economy Watch  mentioned that CPEC would create more than 700,000 new jobs in Pakistan.

The exports of the country would also increase which would lead to prosperity, he added.

Under CPEC, special economic and industrial zones would be established in provinces and under the control of centre in Pakistan, he said.

Economic expert Dr Gulfaraz Ahmed also said that the government had been focusing on building new energy projects under CPEC.

He said that the distribution of energy was another challenging issue for Pakistan.

It was required to improve the efficiency, decrease losses and modernize the process of distribution of energy, he added.

Dr Gulfraz further said Asian Development Bank's loan for this purpose would be very useful, adding it would improve the country's distribution system of energy.