A model economic zone will be set up under the China-Pakistan EconomicCorridor (CPEC) to keep overseas Pakistani and Chinese investors’interests, Punjab Finance Minister, Makhdoom Hashim Jawan Bakht, said whilepresiding over a meeting on CPEC projects at the Planning and DevelopmentBoard.
He said that in the second phase of CPEC, priority will be given toagriculture and irrigation projects.
He further directed to impart technical training to local labor per theneed of the hour, emphasizing that they should be at par with the demand ofthe Chinese partner companies so that more employment can be generated.
The minister also instructed that services of Technical Education &Vocational Training Authority (TEVTA) institutions be used for training thelocal human resource.——————————
He said that instead of relying on Chinese investment for technicaltraining, Pakistan should train its workforce. He suggested that TEVTAinstitutions affiliated with NEVTAC be used, which will also increaseTEVTA’s capacity.
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CPEC Authority Chairman, Asim Saleem Bajwa, also present on the occasion,informed the meeting that Chinese companies are ready to invest in economiczones and the agriculture sector through government partnership.
He concurred with the minister’s statement that it was necessary tointroduce business models according to the needs of investors in Pakistan’sindustrial zones to increase the interest of Chinese investors.
He informed that the livestock and irrigation projects would also beincluded in the second phase of the CPEC.
