{"id":59277,"date":"2019-12-31T17:33:40","date_gmt":"2019-12-31T12:33:40","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=59277"},"modified":"2019-12-31T17:33:40","modified_gmt":"2019-12-31T12:33:40","slug":"cpec-phase-ii-to-promote-trade-of-goods-services-in-2020-umar","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/cpec-phase-ii-to-promote-trade-of-goods-services-in-2020-umar.html","title":{"rendered":"CPEC Phase II to promote trade of goods, services in 2020: Umar"},"content":{"rendered":"<p>Islamabad: Minister for Planning and Development Asad Umar on Monday said that the infrastructural development projects slated for completion under the China-Pakistan Economic Corridor (CPEC) project Phase II would encourage and promote trade of goods and services in 2020, a news source reported.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/sezs-in-pakistan-to-be-built-in-next-cpec-phase-chinese-ambassador.html\" target=\"_blank\" rel=\"noopener noreferrer\">SEZs in Pakistan to be built in next CPEC phase: Chinese Ambassador<\/a><\/p>\n<p>He mentioned that early harvest projects completed in CPEC Phase I filled the infrastructure gap with focus on transport and energy sector. The projects expected to increase economic activity in 2020 include Karakoram Highway Phase II, Sukkur Multan Motorway and Havelian-Thakor Motorway. Development of these roads will reduce transit time and thus promote trade activities.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/concerns-raised-cpec-stand-no-ground-umar.html\" target=\"_blank\" rel=\"noopener noreferrer\">Concerns raised on CPEC stand no ground: Umar<\/a><\/p>\n<p>He also revealed that the <a href=\"https:\/\/www.zameen.com\/blog\/international-consultant-hired-for-ml-1-asad-umar.html\" target=\"_blank\" rel=\"noopener noreferrer\">Pakistan Railways Main Line-I <\/a>(ML-I) project would be launched in 2020 to improve the railway network for trade. The minister also mentioned that the benefits of CPEC would start to trickle down into industry and agriculture sector in 2020.<\/p>\n<p>He stated that CPEC\u2019s Phase II would focus on increased agricultural production, tourism promotion, industrialisation, and socio-economic development of Pakistan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Minister for Planning and Development Asad Umar on Monday said that the infrastructural development projects slated for completion under the China-Pakistan Economic Corridor (CPEC) project Phase II would encourage and promote trade of goods and services in 2020, a news source reported. Read:\u00a0SEZs in Pakistan to be built in next CPEC phase: Chinese Ambassador He mentioned that early harvest projects completed in CPEC Phase I filled the infrastructure gap with focus on transport and energy sector. The projects expected to increase economic activity in 2020 include Karakoram Highway Phase II, Sukkur Multan Motorway and Havelian-Thakor Motorway. Development of these roads will reduce transit time and thus promote trade activities. Read:\u00a0Concerns raised on CPEC stand no ground: Umar He also revealed that the Pakistan Railways Main Line-I (ML-I) project would be launched in 2020 to improve the railway network for trade. The minister also mentioned that the benefits of CPEC would start to trickle down into industry and agriculture sector in 2020. He stated that CPEC\u2019s Phase II would focus on increased agricultural production, tourism promotion, industrialisation, and socio-economic development of Pakistan.<\/p>\n","protected":false},"author":18,"featured_media":41526,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[14749,14750],"persona":[],"class_list":{"0":"post-59277","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-cpec-phase-ii-to-promote-trade-of-goods","8":"tag-services-in-2020"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CPEC Phase II to promote trade of goods, services in 2020: Umar - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Minister for Planning and Development Asad Umar on Monday said that the infrastructural development projects slated for completion under the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/cpec-phase-ii-to-promote-trade-of-goods-services-in-2020-umar.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CPEC Phase II to promote trade of goods, services in 2020: Umar - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Minister for Planning and Development Asad Umar on Monday said that the infrastructural development projects slated for completion under the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/cpec-phase-ii-to-promote-trade-of-goods-services-in-2020-umar.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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