Minister for Power Division Omar Ayub Khan has said his grandfather and former president of Pakistan, Ayub Khan, had “laid the foundation of China-Pakistan Economic Corridor (CPEC)”.
Taking the floor of the National Assembly on Wednesday, Omar Ayub said, “Former president of Pakistan Ayub Khan had laid the foundation of CPEC by starting work on the Karakoram Highway.”
He further said that the Prime Minister (PM) Imran Khan-led government was determined to achieve the set target of Rs5,500 billion in the financial year 2019-20.
The minister added that the country had to pay billions of rupees as interest on the loans taken by the Pakistan Muslim League-Nawaz (PML-N) and Pakistan People’s Party (PPP) governments.
CPEC is a collection of infrastructure projects that are currently under construction throughout Pakistan with China’s help. Originally valued at $46 billion, the value of CPEC projects is worth $62 billion as of 2017.
The project is expected to generate employment and boost the country’s economy in the years to come.