Business / Economy

China-Pakistan economic corridor serves entire region: Pakistani official

(Xinhua) Updated: 2016-08-05 09:37

DUBAI - Pakistan's Finance Minister Ishaq Dar said here on Thursday that the world will see the ongoing construction of the China-Pakistan Economic Corridor (CPEC) not only serves both countries, but the entire Central Asian region.

The Pakistani official made the remarks when briefing the media on the talks which are poised to pave way for Pakistan to receive from the International Monetary Fund (IMF) about $102 million based on the IMF's extended fund facility.

This shared prosperity will benefit the whole region because these infrastructure projects will be later expanded to neighboring Afghanistan and Iran, he said.

The CPEC is a pilot project under the Belt and Road initiative. China and Pakistan have recently launched a host of projects focusing on energy and transport infrastructure.

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