KARACHI, 5 April, 2021 (TON): On Sunday, the Federal Minister for Planning and Development Asad Umar said that the China-Pakistan Economic Corridor (CPEC) is entering an important phase as the projects to be built under it pertain not just to infrastructure but other vital areas as well.

The minister spoke at a ceremony held at the port, marking the arrival of equipment and machinery for setting up a steel mill in the Rashakai Special Economic Zone, where the minister termed the occasion another manifestation of the exceptional relations between Pakistan and China.

He stressed that just as the Pakistan Tehreek-i-Insaf (PTI) government worked day and night to contain the spread of Covid-19 it would strive to make every project launched under the umbrella of CPEC a success.

The Chinese consul general, Mr Bajwa, representatives of Century Steel, and officers of the Karachi Port Trust were present on the occasion.

CRBC, a Chinese firm, had entered into an agreement with the government for attracting foreign investment for development and marketing of the Rashakai economic zone, he asserted.

However, the arrival of equipment and machinery for the Century Steel’s plant at Rashakai was just a beginning as several more projects were in the pipeline, said the sources.