BRI & CPEC – Challenges & Prospects for Pakistan

Institute of Strategic Studies Islamabad organized an International Conference on Belt and Road Initiative in the Changing Regional Dynamics on November 20th, 2019. It is a two-day conference i-e 20-21 November 2019. The conference aims to highlight BRI & CPEC, challenges & prospects for Pakistan.

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In this conference, Pakistani analysts, academicians and
Chinese Delegations were participants. Federal Minister for Foreign Affairs, Makhdoom Shah Mahmood Hussain Qureshi was the chief guest. In his speech, he said: “Belt and Road Initiative (BRI) involves 60 countries which makes the project unique in nature. India wants to make Pakistan isolated but due to active participation of Pakistan in CPEC, it is just a mere dream to
India.

He further stated that BRI is not only concerned about connectivity but also developing a narrative of the government to allay the fears of the international community. Shah Mahmood Qureshi highlighted four challenges for Pakistan: US-China trade issue, US-Iran tension,
Instability in Afghanistan and South Asia- Hindutava driven India.

These challenges have a negative impact on the peace and stability of the region. In the conference, the Ambassador People’s Republic of China to Pakistan, H.E Yao Jing addressed the participants about the transformation of foreign policy through BRI.

He told that the Chinese government is focusing on seven sectors: 1) food processing, 2) textile manufacture, 3)transportation logistics, 4) tourism, 5) metallurgy, 6) construction materials and 7) oil and gas machine building.

He also appreciated Pakistan’s stance on Kartarpur Corridor and Peace dialogue in Afghanistan. In the concluding remarks, China will make sure that cross border trade by information exchange, customs clearance, cooperation in inspection and removal of investment and trade barriers will be improved to strengthen the brotherly relations with Pakistan.

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