China Pakistan Economic Corridor (CPEC) is one of the most important initiatives of the government in recent times and is expected to play a significant role in accelerating economic growth of the country, State Bank of Pakistan (SBP) said on Sunday.
“The State Bank is fully aware of broader contours of this initiative, unfolded to date and has full confidence on its potential to play the role of a game changer for the country,” said a statement released by the SBP.
The statement comes a day after a top SBP official was reported as expressing misgivings about the CPEC’s implementation. The SBP statement on Sunday clarified that the SBP official’s comments as reported in the media did not reflect his views.
“On Friday last an interview given to a foreign news agency has been reported in a way that portrays SBP governor as being apprehensive of the CPEC project. The same story was published in various local newspapers later on as well. The views expressed in the interview have not been referred in its entirety.”
The SBP statement also contained a transcript of the conversation to prove that the SBP official’s comments had not been accurately reported.
The statement further added that the SBP governor had expressed his optimism regarding the project on several occasions in the past and that he was on the record saying so. The statement said that the SBP governor was in complete agreement with the government over the potential of the project for the country.
