Seminar in PU

‘Pakistan has huge potential in economic field’By our correspondentLAHORE: Sichuan University China’s Pakistan Study Centre Director Prof Song Zhi Hui has said that Pakistan has a huge potential in economic field and its economy is emerging fast in recent years which may bring bright future for the country and the whole region.While addressing a seminar on Poverty Alleviation and China Pakistan Cooperation organised by Punjab University’s Pakistan Study Centre he emphasised the need for improvement in infrastructure, creation of job opportunities and increase in revenue for poverty alleviation in Pakistan.PU Pro Vice Chancellor Prof Dr Saleem Mazhar, Dean Faculty of Arts and Humanities Prof Dr Iqbal Chawla, Dr Amjad Magsi, faculty members and students of MPhil and PhD participated in the seminar.Addressing the seminar, Prof Song Zhi Hui was of the opinion that CPEC would bring so many opportunities for economic developments like jobs. He underlined areas to be focused including industrial relocation, agricultural development and tourisms promotion.Prof Song explained the methodologies and strategies adopted by China for its flagship success in poverty alleviation. He said China had taken astonishing development strides in all the sectors since reforms and of all poverty alleviation was the most striking one. He said it had lifted over 800 million people in a period of 40 years. He claimed it was unprecedented achievement in the social sector.Dr Chawla threw light on China’s emergence as the second largest economic power of the world. He said China had surprised the world with its very successful poverty alleviation strategy. He said China had been working for global peace and prosperity. He also said since the inception of One Belt One Read (OBOR) in 2013, the US’s fear of China’s rise had increased. He said with India, the US was trying to hamper the growth and advancement of China in global economic arena. Later, an MOU was signed between PU’s Pakistan Study Centre and Pakistan Study Centre, Sichuan University China.It was also announced that Chinese university would set up a branch of Institute of Belt and Road, Sichuan University at PU’s Pakistan Study Centre.

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