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CPEC is harbinger of economic development, prosperity, peace: Pak Army Chief

ANI  |  Rawalpindi [Pakistan] 

Pakistan's Chief of Army Staff General Qamar Javed Bajwa has called the Economic Corridor (CPEC) a great initiative for the people of his country and said it is a harbinger of economic development, prosperity and peace.

Addressing the Logistics International Forum in Rawalpindi, General Bajwa said Chinese investment in various fields, including energy, infrastructure, Gawadar port and could lay the foundation of a fast developing, progressive Pakistan, if the opportunity is optimally utilized.

Terming the as a 'game-changer', the army chief said the project holds great promise for turning around the economies of Pakistan, Western and the region.

"Pak-relationship is based on the principles of peaceful co-existence, commonality of interest and shared perception on regional and global issues. We have always stood by each other through thick and thin and at every critical juncture of our history.

That is why we are called as Iron Brothers," Inter-Services Public Relations (ISPR) quoted General Bajwa as saying.

He said the is also affirmation of Pakistan's efforts for a peaceful and prosperous region.

General Bajwa said that can only benefit from the if it prepares itself to embrace it.

He added that all national institutions will have to make a deliberate effort to ensure success of

The army chief stressed on improving the existing laws and regulations in the country to provide a facilitating framework for trade and investment activities.

"will bring increasing economic integration between the regional economies on the one hand and reduce the development gap within various regions of on the other. This however will require transformation of the trade corridors into economic corridors with the help of industrial and urban development, under a unified development framework," he said

He said the army will provide security to the project but other national institutions will have to come forward and play their respective roles.

Talking about security in the country, General Bajwa said that has become much safer than before and normalcy is returning to Pakistan's economic hub of Karachi, where business community and common people have started to benefit from it.

"With full backing of our nation, we are making steady, but sure footed progress in making a terrorism and extremism free country," he said.

General Bajwa assured that the army and law enforcement agencies are vigilant and determined to provide foolproof security to

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 13 2017. 07:02 IST