CPEC Authority established through presidential ordinance

ISLAMABAD: President Arif Alvi on Monday promulgated an ordinance to provide for the establishment of the China-Pakistan Economic Corridor (CPEC) Authority. 

The ordinance was promulgated by the president on October 5 in exercise of his powers under clause (1) of Article 89 of the Constitution, and issued here on Monday. 

The Ordinance extends to the whole of Pakistan. Section 1 of the Ordinance shall come into force at once, and other provisions shall come into force on such dates as the prime minister may, by notification in the official gazette, appoint.

Also read: CPEC essence of bilateral relations between China and Pakistan, says Chinese envoy

The establishment of the CPEC Authority is aimed at accelerating the pace of CPEC related activities, find new drivers of growth, unlock the potential of interlinked production network and global value chains through regional and global connectivity.

Also read: PM Imran to offer Pakistan Steel Mills to China

Prime Minister Imran Khan has also embarked on an extremely important two-day visit to China at the invitation of premier of the State Council of the Peoples’ Republic of China Li Keqiang.

“The Chief of Army Staff will join the Prime Minister’s meetings with Premier Li Keqiang and President Xi Jinping,” announced the Foreign Office on Monday.

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