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Second phase of CPEC

Move launched to to attract investment in 37 SEZs

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Special Correspondent

Lahore: Pakistan China Joint Chamber of Commerce and Industry has launched a sustainable move in China to attract Chinese business community for investment in the 37 Special Economic Zones (SEZs)to be set up in Pakistan under second phase of China-Pakistan Economic Corridor (CPEC). It was observed by Mr. S. M. Naveed, who is leading a delegation of PCJCCI to China along with the executive committee members.

“We have taken Pakistan’s diplomats, based in China, on board to make the second phase of CPEC, a brilliant success”, he said adding that PCJCCI wants to further promote the bilateral business between Pakistan and China in liaison with Pakistan Embassy and consulates in China.

While speaking to the diplomats, he hashighlighted the scope of SEZs, which is the second phase of CPEC, under which he is positive to have more business activities between the businessmen of China and Pakistan. PCJCCI has identified the industrial sectors of Pakistan where up-gradation is required with the help of Chinese companies and which can benefit Pakistan’s export for producing labor intensive products. “We are going to discuss the upgradation of our industrial sectors through transfer of Chinese Technology and expertise with the
industrial corporations of China”, he said and underlined the textiles products, leather products, leather shoes, carpets, glass work, paintings, handicraft, and agriculture products such as organic vegetables, fruits and live stock have a great potential for upgradation and export promotion through joint ventures with China, he
added.
President PCJCCI, in a telecommunication with Secretary General Salahuddin Hanif, informed that his delegation was greatly being helped by Mr. Masood Khalid, Ambassador of Pakistan Embassy and his
Commercial Consulates to penetrate into the Chinese business community to get MOUs for SEZs under second round of CPEC.

It is notable that so far nine out of 37 SEZs have been identified to be established in different areas of Pakistan. One each in Punjab, Khyber Pakhtunkhwa, Baluchistan and Islamabad, two in Sindh and one each in FATA,  kashmir and Gilgit Baltistan.

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