Pakist­an will adopt Chines­e model to elimin­ate povert­y in countr­y, says federa­l minist­erLAHORE: Planning and Development Minister Khusro Bakhtiar on Sunday said that Pakistan facing a trade deficit of $9 billion. He said the deficit would reduce with the economic zones being set up after the China Pakistan Economic Corridor (CPEC) becomes operational. The economic zones would help increase exports, which would in turn decrease the trade deficit, he said while talking to the media persons at the Press Information Department regional office. Khusro said Pakistan and China had signed a Memorandum of Understanding (MoU) on industrial cooperation on December 20, 2018. A pilot project on the Chinese pattern would be initiated, which definitely would help to reduce poverty substantially, he hoped.

Source: The Express Tribune January 20, 2019 17:37 UTC