Seminar highlights CPEC challenges and opportunities

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The Centre of Excellence for China-Pakistan Economic Corridor on Thursday organised a seminar in collaboration with the Pakistan Institute of Development Economics (PIDE) on the topic of ‘Would CPEC Spur Economic Growth?’ 02nd May 2019.

Addressing on the occasion, Sohail Jehangir Malik presented an overview of the bilateral interests of Pakistan and China, particularly related to the CPEC’s geostrategic, geopolitical and now geo-economics realm. He maintained that the CPEC has played a positive role in eliminating energy shortfalls in the country. However, all the ambitious agendas pertaining to CPEC must be translated into reality with a pragmatic mindset keeping the potentials and pitfalls in the mind, he stressed. “CPEC is a huge opportunity for Pakistan considering the current financial woes Pakistan is facing, but how to leverage different facets of CPEC is still something that needs to be debated, researched and consulted with the Chinese counterparts,” he said.

According to him, Pakistan still lacks institutional harmony, lack of capacity issues and lack of skill/vocational training along with disconnect of academia and lack of insight at the helm of decision making – some of the perennial bottlenecks which are impeding the CPEC take-off. Despite having a huge potential, CPEC needs rigorous research with the discernible trends beforehand so that a correct discourse can be mapped to reap the deserving benefits, he added.

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