Investment under CPEC

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CHAIRMAN CPEC Authority Lt Gen Asim Saleem Bajwa on Tuesday said that China would bring more investment in the Special Economic Zones (SEZs) under China-Pakistan Economic Corridor (CPEC).

Talking to newsmen in Lahore, he said the investment of around $13 billion had already been made in various sectors under the mega project while an additional investment of $12 billion was in the pipeline.

The leadership of both Pakistan and China has all along been emphasizing that the CPEC was an investment-oriented initiative and it will go a long way in revolutionizing the economy of the country and lives of the people especially those in the far-flung areas and hitherto neglected regions.

The information shared by the Chairman of the CPEC Authority confirms this point of view as apart from generous funding of vital projects by the Chinese Government, the process has begun for meaningful investment by Chinese entrepreneurs in different sectors of the economy.

A Chinese company “Challenge Group” has established an international standard textile factory and the owner of the company was now keen to establish his own special economic zone in Pakistan that would be exclusively an export-oriented zone and all the goods produced by that SEZ would be exported to other countries.

General Bajwa said a number of more Chinese were lining up for investment in Pakistan’s industrial sector and soon all would be accommodated.

In a related development, Federal and provincial governments, in active collaboration with the defence forces, are taking measures to ensure foolproof security for Chinese nationals and a decision has also been taken to give special CPEC visas to facilitate Chinese investors.

All these are welcome indicators and augur well for expansion of Sino-Pakistan cooperation under the framework of CPEC.