CPEC: Pakistan and China strengthen economic ties

  |   World News

Parts of a multi-billion-dollar trade route between China and Pakistan have opened, with the first Chinese trade caravan reaching Pakistan's port city of Gwadar.

"This investment will help to turn around not Pakistan's economy but also it will enable Pakistan to become self-sufficient in energy and improve its infrastructure," Ahsan Iqbal, minister for planning and development of Pakistan, told Al Jazeera.

"The Chinese industry has achieved economies of scale over the years, primarily due to their huge domestic market, industry-friendly policies and multiple incentives by the government," Atif Iqbal, OASIS executive director, told local Pakistani media on Friday.

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