SEZs to play vital role in Pakistan's development: PM

by IANS |

Islamabad, June 16 (IANS) Pakistan Prime Minister Shehbaz Sharif said 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 government has been focusing on establishing SEZs across the country which would boost industrialization and exports while generating employment, Sharif said during his visit to the Rashakai SEZ, which is being developed under CPEC in Khyber Pakhtunkhwa province.

A total of nine SEZs 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, reports Xinhua news agency.

"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 that it is important to focus on the establishment of SEZs to make them the model of development.

Emphasizing 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 premier also suggested organizing 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 northwest China's Xinjiang Uygur Autonomous Region, which highlights energy, transport and industrial cooperation.

Latest News
New Zealand prepares for 2023 national census Wed, Sep 28, 2022, 05:00 PM
Xi Jinping re-emerges in public, quashing unfounded 'coup' rumours Wed, Sep 28, 2022, 04:59 PM
SC pulls up Centre on delay in deciding Balwant Singh's mercy plea Wed, Sep 28, 2022, 04:58 PM
'Ban RSS', demands K'taka Cong; BJP retaliates Wed, Sep 28, 2022, 04:57 PM
Delhi HC grants bail to Chitra Ramkrishna, Anand Subramanian in NSE case Wed, Sep 28, 2022, 04:47 PM
'A normal party worker' Kejriwal on the arrest of Vijay Nair Wed, Sep 28, 2022, 04:45 PM
Prime Minister congratulates Giorgia Meloni for winning Italy polls Wed, Sep 28, 2022, 03:44 PM
Hundreds of jail police personnel go on mass CL in Gujarat Wed, Sep 28, 2022, 03:36 PM
Banning organisations no solution, RSS was banned thrice: Yechury Wed, Sep 28, 2022, 03:22 PM
Livingstone's ankle on the mend but he might be a bit undercooked: Moeen Ali Wed, Sep 28, 2022, 03:12 PM
4.9mn tourists visit Egypt in first 6 months of 2022 Wed, Sep 28, 2022, 03:03 PM
Cattle smuggling case: Sukanya Mondal submits her income details to CBI Wed, Sep 28, 2022, 03:01 PM
Assam Police seize drugs worth Rs 160 cr Wed, Sep 28, 2022, 02:52 PM
PM Modi to take Raj route to reach Gujarat's Amba Mata Mandir Wed, Sep 28, 2022, 02:51 PM
Why right-wing majoritarian outfits not banned, asks Owaisi Wed, Sep 28, 2022, 02:38 PM