ISLAMABAD:Chinese Ambassador responds over media reports of objections onforeign investment in CPEC Special Economic Zones.
China’s Ambassador in Pakistan Yao Jing has said that Beijing wouldwelcome investment into Pakistan’s Special Economic Zones (SEZs) from othercountries. He also said that the Chinese investors were showing keeninterest to invest in these SEZs.
“The private businesses have come into joint ventures (JVs) of tyres,manufacturing of buses and trucks and textiles in the last six months.
More Chinese investors are interested to come and invest in the SEZs. Wewelcome the participation of other countries intoSEZs under the ChinaPakistan Economic Corridor (CPEC),” the Chinese ambassador said during the”Dialogue on Industrial Cooperation under CPEC and SEZs Framework”organized by the Board of Investment here on Tuesday.
The Chinese Ambassador, Yao Jing, and PM’s Adviser on Commerce, Abdul RazakDawood, also addressed the event, which was also attended by businessmen,academia, government officials, members of diplomatic community and otherimportant stakeholders.
Ambassador Jing said that the second phase of CPEC would engage the privatesector, local community and the society at large.
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He underlined that the current phase of CPEC would cover industrialcooperation, agriculture cooperation, social protection, povertyalleviation and cooperation in science and technology to boost the economyof Pakistan and to raise the the level of skills and living standards ofthe population.
He added that the CPEC objectives are for the mutual benefit of bothcountries. The ambassador also appreciated the vision of the governmentunder Prime Minister Imran Khan.
The Adviser to Prime Minister on Commerce, Abdul Razak Dawood, said thatPakistan overcame the energy crisis with Chinese help and now Islamabad wasseeking assistance in areas of agriculture, industrial cooperation andup-gradation of main rail line.
“Our strategy for the future of Pakistan is being prepared consideringChina-Pakistan Economic Corridor and Special Economic Zones being developedunder CPEC,” he said. Dawood laid out the framework of the economicdevelopment strategy and said that the future lies in export-led growthstrategy, making SEZs development vital to improve the capacity and tocomplement the export requirements of the country.
