Pakistan Prime Minister Imran Khan has termed the timely completion of the China-Pakistan Economic Corridor (CPEC) as one of the top priorities of the government and stressed that the government is taking steps to promote investment in the export industry in the Special Economic Zones.
“Exporting industries will provide employment, increase economic volume and ensure valuable foreign exchange, as well as access to the ‘Made in Pakistan’ brand in global markets,” he said while presiding over a meeting on the implementation of the FDI strategy from China for the establishment of export industries in the Special Economic Zones under the CPEC.
The forum also reviewed foreign investment in export industries under the CPEC.
The meeting was informed that the visa issues of Chinese officials coming under the CPEC have been resolved while the Ministry of Interior is handling new cases daily, which has had a positive impact on the pace of the CPEC.
A briefing on the comprehensive strategy formulated by the Board of Investment for the establishment of export industries in the Special Economic Zones was also given to the meeting. The meeting was informed about the identification of potential foreign investors in various sectors in China and the incentives provided to them for direct investment in Pakistan.
The meeting was also briefed on the establishment of assembly units of three major international mobile companies in Pakistan and their positive impact on local consumption and exports. A briefing was given on the steps taken by the CPEC Authority, the Ministry of Industries and Production and the Board of Investment.