'China-Pakistan Economic Corridor is hailed as an economic game changer', says Ambassador of Pakistan during his meeting with MUP students10. 4. 2019 Author: Martina Varkočková His Excellency Dr. Israr Hussain, the Ambassador of the Islamic Republic of Pakistan in the Czech Republic hold upon the invitation of the Department of International Business an open lecture for MUP students. Full lecture room carefully listened as he outlined the new infrastructure projects that are currently being developed in the country and in the region.
Mr Ambassador underlined the strategic position of Pakistan and explained the importance of infrastructure projects currently being developed on the territory of Pakistan, including numerous railways, motorways, bridges, tunnels, dams, or airports. Most of these projects are being conducted within the China-Pakistan Economic Corridor (CPEC) as one the branches of the Belt and Road Initiative (BRI) of China. For example, the 59 billion USD project which is envisaged to link Pakistan's Gwadar port with China's Xinjiang province should bring China a direct access to western Indian Ocean while providing an opportunity for Pakistan to become a logistic hub for Central and Western Asia and for Western China. Mr Ambassador also stressed the importance of new IT and financial strategies of Pakistan which should further enhance deeper integration of the country into global architecture. The lecture hopefully helped students to realize the fast changes that many Asian countries are going through, and why this region is considered as rising economic power in the world.