ISLAMABAD: Minister for Planning and Development Ahsan Iqbal on Thursday said that Pakistan has foiled all conspiracies against the China Pakistan Economic Corridor (CPEC) by taking all provinces, Azad Jammu and Kashmir and Gilgit-Baltistan into confidence.
The federal minister addressing follow-up meeting of the 6th Joint Cooperation Committee (JCC) on CPEC recently held in Beijing, said that some elements are hell-bent to hamper development by spreading confusion over these projects.
He said that utmost transparency being ensured in CPEC projects. While referring to the process, he said that Beijing proposes a panel of three Chinese companies and Islamabad selects the lowest bidding company.
He revealed that the bulk of the investment under CPEC is in the energy sector directly by Chinese companies, and infrastructure is the second most important sector.
Ahsan Iqbal thanked Chief Minister Khyber Pakhtunkhwa Pervaiz Khattak for his cooperation in furthering CPEC. Prime Minister AJK Raja Farooq Haider and Chief Minister Gilgit-Baltistan Hafiz Hafeezur Rehman also attended the meeti