China to Provide $1billion Grant for the Less Privileged Areas of Pakistan – Research Snipers

China to Provide $1billion Grant for the Less Privileged Areas of Pakistan

$1billion grant

On Sunday Makhdoom Khusro Bakhtiar—the Minister for Planning and Development said that China would be providing $1billion grant for the less privileged areas of Pakistan.

While conversing with the journalists, Khusro Bakhtiar said that the government would be taking advantage of the Chinese model for eradicating poverty from the country. He added that China would also be making an investment in the petrochemical sector.

The Minister for Planning and Development added that the special economic zones under CPEC would be made functional in near future. He added that the government would be taking all the needed steps for boosting the agriculture sector and would strive for decreasing import.

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Bakhtiar said that the focus of the Imran Khan’s government was on the eradication of poverty from the country. He said that the Pakistan Tehreek-e-Insaf managed government was finalizing the master plan for Gwadar.

Previously, the planning minister on the 21st of December said that efforts are being done for the formation of Special Economic Zones (SEZs) for the economic prosperity of the country.

He had mentioned at that time during his visit to the Chinese Development and Research Centre in Beijing. The minister had also said that Gwadar was being established as the driving force for Pakistan and the formation of the Petrochemical Complex would also be providing new dimensions to Gwadar.

He added that the China Pakistan Economic Corridor (CPEC) was a vital project for the Belt and Road Initiative.

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