In a recent session of the Senate, Muhammad Sami Saeed, the Caretaker Minister of Planning, Development, and Special Initiatives, shed light on the transformative impact of the China-Pakistan Economic Corridor (CPEC) on Balochistan. His detailed account underscored the substantial strides made in infrastructure, investment, and regional development, dispelling notions of neglect that have shadowed the province for years.
With a resounding affirmation, Minister Saeed revealed that 36 projects, amounting to an impressive $24 billion, have been successfully completed under the auspices of CPEC. Bolstering this achievement, 22 projects, currently under construction, boast a cumulative investment of $5 billion. Additionally, negotiations for 26 projects, totaling a hefty $27 billion, are underway within the CPEC framework, signaling a continued commitment to fostering economic growth and connectivity.
Notably, Balochistan, often cited for its underdevelopment despite promises of progress through CPEC and Foreign Direct Investment (FDI) initiatives, is now experiencing a surge in dedicated resources. Minister Saeed highlighted the allocation of a substantial portion of the Public Sector Development Programme (PSDP) towards Balochistan’s advancement. Out of the Rs950 billion allocated for the current year, an impressive one-third, totaling Rs285 billion, has been earmarked for various development projects in Balochistan. These investments focus on critical areas such as connectivity, roads, and water management, including the implementation of key dam projects vital for sustainable growth.
The spotlight on Gwadar City and its port remains a testament to the enduring commitment to Balochistan’s development. Minister Saeed pointed out the completion of numerous projects worth $24 billion and the ongoing construction of $5 billion worth of projects in the region. Specific updates on Gwadar showcased significant milestones, including the finalization of the city’s master plan, progress on the East Expressway, and the imminent completion of an international airport slated for June.
While addressing concerns about Balochistan’s historical underrepresentation in development initiatives, Minister Saeed’s comprehensive report paints a promising picture of progress and commitment. The infusion of substantial investments and the focus on critical infrastructure projects affirm the government’s dedication to uplifting Balochistan’s socio-economic landscape through CPEC and strategic developmental endeavors.
Balochistan’s journey towards prosperity, facilitated by CPEC, stands as a testament to the transformative power of strategic partnerships and sustained investments. As these projects continue to unfold, the province is poised to emerge as a vibrant hub of economic activity, connecting Pakistan to regional and global opportunities, while ensuring inclusivity and growth for all its residents.
