Time to reap benefits of CPEC phase two

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Islamabad

Pakistan will start reaping the benefits of the second phase of the China-Pakistan Economic Corridor (CPEC) in the form of industrial and agricultural development and a better road connectivity, Chairman of Pakistan’s CPEC Authority Asim Saleem Bajwa said.

Several roads under CPEC are in their final phase which are expected to be inaugurated in 2021 and after their completion, locals will experience a better connectivity, and business opportunities in the country will increase, Bajwa said while talking to media on Tuesday night.

Talking about the special economic zones (SEZs) being established under the framework of CPEC, the official said that they are receiving many applications from local and foreign enterprises to invest in the SEZs where the government is providing a one-window operation to facilitate the investors.

In Allama Iqbal SEZ of Punjab province’s Faisalabad city, investors from Canada, Britain and Germany have applied to set up industry in the form of joint ventures with local partners in the SEZ.—APP