Wednesday, February 28, 2024

PM invites Chinese firms to invest in Pakistan - Pakistan Observer

Last updated Wednesday, June 15, 2022 16:34 ET

Pak-China joint venture in SEZs a win-win situation
Prime Minister Shehbaz Sharif on Wednesday invited Chinese companies to invest in Pakistan, emphasising on sharing of expertise between the two countries.
He expressed these remarks during a visit to the Rashakai Special Economic Zone (SEZ) on Wednesday. It is a flagship project under the industrial cooperation of the China-Pakistan Economic Corridor framework.
Speaking on the occasion, the prime minister reiterated that the government was committed to completing Special Economic Zones at the earliest to ensure development and prosperity in the country.
PM Shehbaz further said that focusing on establishing SEZs across the country would boost industrialization, and exports and generate employment. “The solution to Pakistan’s economic problems was massive industrialization and diversifying the export base,” he added.
He said China had switched to high-tech industrial projects and invited the Chinese companies to invest in Pakistan. “The Chinese expertise in technology and the cheap Pakistani labour could act in a balance to benefit both sides,” he added.
He emphasized on sharing of expertise between the two countries and the need to further augment development by exploring areas in Khyber Pukhtunkhwa and other parts of Pakistan.
The premier also directed the authorities to follow the timelines of the projects related to SEZs and announced holding a virtual meeting in the future to sort out ways for improvement.
PM Shehbaz...

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