CPEC plays vital role in Pakistan's future economic development: Ambassador Haque.

BEIJING -- Pakistan Ambassador to China, Moin ul Haque said that the China-Pakistan Economic Corridor (CPEC) played a vital role in the future economic development of Pakistan, with the Gwadar port as the main component.

"The CPEC is one of the most important flagship project of the five corridors launched under Belt and Road Initiative. Half of its projects have already been executed, he said in an interview with CGTN Radio.

Ambassador Haque said, under the first phase of the CPEC, several major energy project including hydro, wind and solar projects were executed.

"The second component of the CPEC is infrastructure, highways, waterways and bridges which have been built across Pakistan, improving the communication and road infrastructure, he added.

The important part of physical infrastructure was laying the fiber optic link from Chinese border to Pakistan to help the communication network.

Ambassador Haque remarked that the third important component of the first phase was the Gwadar port which is almost complete and functional.

The other infrastructure projects like recently inaugurated East Bay Express was inaugurated and the work was under progress on International Airport and many of the allied infrastructure industry.

About special Economic Zone being set up in Gwadar, he said, a large number of Chinese companies were setting their businesses there.

The country was entering into phase two which was even more important and focused on industrialization, agriculture, social well-being of the people, poverty...