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China-Pakistan Economic Corridor would usher an era of development in the country: President

Islamabad, April 27, 2016 (PPI-OT): President Mamnoon Hussain on Wednesday said China-Pakistan Economic Corridor (CPEC) would usher in an era of development in the country and urged upon the nation to fully support the Government in completion of these projects.

Addressing the seventh convocation of Virtual University here, he said CPEC would make Pakistan a major hub of economic activity in the region.

President Mamnoon Hussain said that CPEC includes several energy initiatives including coal, oil, solar and nuclear projects adding that on completion of these projects the country will be almost rid of load-shedding by 2018. President Mamnoon said that LNG is being imported at the lowest price and it will revitalize the national economy.

The President said that under the CPEC, Gwadar Port will be operational by the end of 2016. He stated the materialization of CPEC would require technical expertise and called upon the students to opt for relevant subjects including information technology, banking and commerce to meet the requirements of the project.

He said that National Action Plan (NAP) was being implemented and elimination of extremists had resulted in revival of economy in the country. He mentioned that there was a significant improvement in the economic indicators.

The President said that the negligence at individual and institutional levels in the past had created several challenges for the country including inflation, unemployment, load-shedding and militancy.

He stressed upon the need for working honestly and with dedication to realise the vision of Quaid-e-Azam, Allama Iqbal and Liaquat Ali Khan for the country.

He asked the youth to shun despondency and focus their energies in contributing to secure a brighter future for the country. The President said corruption has eroded the foundations of the society and emphasized upon the need to get rid of this menace and socially ostracize the corrupt elements.

He said those affiliated with education sector should consider their profession as a sacred mission and groom the young generation apart from treating it as a source of employment. He lauded the services of Virtual University in increasing literacy rate even in far-flung areas through their E-learning and distant-learning programmes.

Mamnoon Hussain mentioned that the children of Pakistani expatriates abroad, had difficulty in getting higher education and said Virtual University could play an important role in facilitating them by offering distant-learning courses.

The President congratulated the degree holders and advised the students to always respect their parents and teachers as they owe their success to their efforts.

Chairman Higher Education Commission Mukhtar Ahmed and Rector Virtual University Dr. Naveed A. Malik were also present on the occasion.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +92-51-9252323 and +92-51-9252324
Fax: +92-51-9252325 and +92-51-9252326
Email: piopid@gmail.com

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