ISLAMABAD, Jun 16 (NNN-APP) – Pakistani Prime Minister, Shahbaz Sharif, said yesterday 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 Pakistani government has been focusing on establishing SEZs across the country, which would boost industrialisation and exports, while generating employment, Sharif said, during his visit to the Rashakai SEZ, which is being developed under CPEC, in the country’s north-west Khyber Pakhtunkhwa province.
A total of nine economic zones 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.
“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, it is important to focus on the establishment of SEZs, to make them the model of development.
Emphasising 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 prime minister also suggested organising 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 north-west China’s Xinjiang Uygur Autonomous Region, which highlights energy, transport and industrial cooperation.– NNN-APP
