China to make huge investment in two new SEZs in Pakistan

54
Observer Report
Beijing

Pakistan to set up two new Special Economic Zones (SEZs) to host mega Chinese investments.

Owais Mir, CEO of DEA told China Economic Net (CEN) that negotiations with Chinese investors have been concluded, and multi-billion Chinese companies have confirmed their plans to establish manufacturing facilities, global service centers, R&D labs and sales centers in these SEZs with an estimated investment USD of 5-7 billion in the next five years.

Pakistani company Dynamic Engineering and Automation (DEA) has launched the SEZs at Pir Patho District Thatta and Padshahan, District Chakwal to promote Foreign Direct Investment, in line with the vision of Prime Minister of Pakistan, Imran Khan.

Owais Mir further said that DEA has signed agreements on Tuesday with multiple Chinese companies to act as the local partners and facilitators.

Previous articleIndian fans upset after ICC includes Babar Azam in Justice League tweet
Next articleGlobal economy to grow 4.7pc in 2021: UNCTAD