Islamabad: CPEC rejuvenates Pakistan’s economic development

In this udated photo, a rail transit system, part of the China-Pakistan Economic Corridor projects, undertakes trials in Pakistan. (LIU TIAN / XINHUA)

ISLAMABAD – Pakistan has benefited from the China-Pakistan Economic Corridor (CPEC) and the project has contributed to rejuvenating Pakistan's economic development, the country’s foreign ministry said on Friday.

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"CPEC, a flagship project of the Belt and Road Initiative, is aiming at the development and socio-economic progress not only in Pakistan but the entire region and beyond," ministry spokesperson Asim Iftikhar Ahmad said during a weekly media briefing in Islamabad.

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The first phase of the CPEC focused on energy and infrastructure projects in Pakistan, Ahmad said, adding that the second phase of the project focused on agriculture, industrialization and socio-economic development in the South Asian country.