Lahore  - Minister for Planning and Development Ahrsan Iqbal has said that Rs 250 billion will be allocated in the budget for the next financial year for China Pakistan Economic Corridor for fast track implementation.

He was speaking at a PML-N Workers Convention after inaugurating a road in Qasim Pura area of Shakargarh on Monday.

He said the commitment by China for an investment of $46 billion in Pakistan is a big success of the government. He said the CPEC is a plan for the development and prosperity of the two countries.

He said the image of Pakistan across the world has improved under the leadership of Prime Minister Nawaz Sharif but there are certain elements who do not want to see development in Pakistan. He categorically assured that the areas in Khyber Pakhtoonkhwa and Balochistan would certainly get development under the Prime Minister and the nefarious designs of the enemies would be foiled.

Ahsan Iqbal said that the Chinese investment is in line with the existing energy policy of the government. He emphasised the need for avoiding past mistakes which did not bring necessary investment in our country.

He said the Indian government is highly perturbed over economic cooperation between Pakistan and China and it is reflected in the criticism being carried out by the Indian media.