Abb Takk News

Pakistan To Maintain 6pc Growth Rate This Year: PM Abbasi   

Beijing (April 10, 2018): Prime Minister Shahid Khaqan Abbasi has said Pakistan offers tremendous investment opportunities and will maintain 6 percent growth rate this year.

Addressing an opening ceremony of Boao the forum in Hainan Province of China, CPEC is superb plan of mutual cooperation and unprecedented progress.

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The Prime Minister said fourth economic revolution is knocking at our doors with artificial intelligence and bio-technology creating new world.

He said Pakistan will take lead in regional connectivity and BOAO forum has proved important to raise stature of Asia.

The conference in Hainan province is being attended by top leaders from China, Philippines, Singapore, Mongolia, Austria and several other countries.Known as ‘Asia’s Davos’, the conference will also host Chinese President Xi Jinping, who will deliver a keynote speech at the forum.

PM Abbasi said that China-Pakistan Economic Corridor (CPEC) is the most visible part of One Belt and One Road Initiative and would give benefit to both countries.

“Pakistan’s adoption of yuan as the reserve currency would be very beneficial for bilateral trade. It will help yuan to become an international currency,” PM Abbasi said.

He said that the China Pakistan Economic Corridor would promote connectivity in Asia. “Pakistan aspires to see growth in the region and is very optimistic about One Belt and One Road Initiative, and is sure that it will benefit the region and the world,” the premier said.He said that Pakistan has built 1,700 miles of multi-lane motorways and set up special economic zones, adding that the Gwadar port is providing access to the sea to Central Asian countries.

He commended China for being champion of economic liberalization in a time when the US is talking about protectionism. “Pakistan does not believe in protectionism. Opening and liberalization is the way forward,” he said.

Earlier on,  Chinese President Xi Jinping revealed his economic plan during a keynote speech at the Boao Forum.

While addressing the opening ceremony of the annual conference of Boao Forum for Asia, Xi Jinping discussed plans to further open up the Chinese economy.

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The conference runs from April 8 to 11 in Boao, a town in south China’s island province of Hainan, and is themed “An Open and Innovative Asia for a World of Greater Prosperity.”

Xi Jinping highlighted the significance of Boao Forum for Asia (BFA), saying  “Boao proposals”  helped build consensus in Asia, encourage cooperation, promote economic globalization and advance the building of a community with a shared future for mankind.

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