CPEC projects generate 2mln job

ISLAMABAD: The Government after acquiring stabilization of economy is now embarking on high growth strategy to create maximum employment opportunities.According to Annual Development Plan 2015-16, enhanced size of Public Sector Development Programme and investment in the China Pakistan Economic Corridor will increase GDP growth to 5.7 per cent and also generate employment.Under the CPEC, an inflow of financial resources of around 46 billion dollars will spur economic activity and create around two million direct and indirect new jobs.During the last year 386 Megawatt electricity has been added to the system and another 2,500MW will be added this year that will ensure uninterrupted supply of energy to industry and eventually improve the employment prospects in the economy.Under Youth Business Loan Scheme, the young entrepreneurs in the age group of 21-45 years are being provided subsidized financing through designated financial institutions.China-Pakistan economic corridor (CPEC) is a mega project of USD 45+ billion taking the bilateral relationship between Pakistan and China to new heights. The economic corridor is about 3000 Kilometres long consisting of highways, railways and pipelines that will connect China’s Xinjiang province to rest of the world through Pakistan’s Gwadar port.