Byline: Dr. S. M. Junaid Zaidi
The October 1st is China's National Day, which is to commemorate the founding of People's Republic of China in 1949. It is also a day of special significance for us in Pakistan, because of our tradition ties with China. China is expected to show off some of the most advanced weaponry, the world has ever seen, during a special National Day military parade in Beijing on Tuesday, October 1, 2019 to mark its celebrations. In 2013, Chinese rest of the world.
The initiative includes creating a vast network of railways, energy pipelines, highways, both westward through the mountainous former Soviet Republics and southward, to Pakistan, India, and the rest of Southeast Asia. So far it covers over 70 countries, accounting for about 65 per cent of the world's population and around one-third of the world's Gross Domestic Product (GDP). The total Chinese financial outlay is estimated at about three trillion dollars. President Xi Jingping remarks outlines this initiative. He said, "During the civilization and development process of more than 5000 years, the Chinese Nation has made an indelible contribution to the civilization and advancement of mankind." Pakistan is also a major beneficiary of this initiative, when the CPEC project was launched in 2015.
Originally valued at $46 billion, the value of CPEC projects is worth $62 billion as of 2019. It's a major infrastructure and energy project with special economic zones and is being viewed as a game changer for the country. With the development of Gawadar port, which is already partially operational. China will be linked to Africa and West Asia, providing trade opportunities to both China and Pakistan.
China a leader in Science, Technology and Innovation Dr. S. M. Junaid Zaidi, Executive Director, COMSATS President Xi Jinping announced the launch of both the Silk Road Economic Belt and the 21st Century Maritime Silk Road, infrastructure development and investment initiatives that would stretch from East Asia to Europe. Belt and Road Initiative (BRI), sometimes known as the New Silk Road, is one of the most ambitious infrastructure projects ever conceived. This is the in line with the President Xi's vision to bring the economic benefits of China's progress to the rest of the world.
The initiative includes creating a vast network of railways, energy pipelines, highways, both westward through the mountainous former Soviet Republics and southward, to Pakistan, India, and the...