Pakistan Prime Minister Shehbaz Sharif said that the special economic zones (SEZs) under the China-Pakistan Economic Corridor (CPEC) will play a vital role in the country’s economic development and prosperity.
The government has been focusing on establishing SEZs across the country which would boost industrialization and exports while generating employment, Sharif said during his visit to the Rashakai SEZ, which is being developed under CPEC in Khyber Pakhtunkhwa province.
A total of nine SEZs have been identified under CPEC where joint businesses and ventures from Pakistan, China and other countries will be set up to boost industrial progress and uplift the national economy, reports Xinhua news agency.
“The government of Pakistan is committed to promoting industrial development to make Pakistan an economically-progressive country,” Sharif said.
With CPEC entering the most crucial second phase of implementation, the Prime Minister said that it is important to focus on the establishment of SEZs to make them the model of development.
ALSO READ: Pakistanis Asked to Drink Less Tea to Cut Imports
Emphasizing the sharing of expertise between Pakistan and China, Sharif said the affordable and skilled labour of Pakistan and modern Chinese technology could jointly benefit both sides and help the economic development grow at a vigorous pace.
The premier also suggested organizing financial roadshows and other activities in China to promote Chinese investment which would result in a win-win cooperation.
Launched in 2013, CPEC is a corridor linking Pakistan’s Gwadar Port with Kashgar in northwest China’s Xinjiang Uygur Autonomous Region, which highlights energy, transport and industrial cooperation.
(This story has been sourced from a third-party syndicated feed, agencies. Raavi Media accepts no responsibility or liability for the dependability, trustworthiness, reliability, and data of the text. Raavi Media managementythisnews.com reserves the sole right to alter, delete or remove (without notice) the content at its absolute discretion for any reason whatsoever.)
