In a positive development, $5 billion to be injected in Pakistan economy creating tens of thousands of new jobs

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In a positive development, $5 billion to be injected in Pakistan economy creating tens of thousands of new jobs

*LAHORE: **In a positive development, $5 billion to be injected in Pakistan economy creating tens of thousands of new jobs.*

Special Economic Zones (SEZs) will create new business opportunities for Chinese companies in many sectors of the economy as investors are planning to invest $5 billion in Pakistan over the next three to five years, said Chinese Ambassador Yao Jing, Express Tribune has reported.

Talking to Faisalabad Industrial Estate Development and Management Company (FIEDMC) Chairman Mian Kashif Ashfaq on Friday, the ambassador appreciated Pakistan government’s business-friendly policies and pledged Chinese investment in various small and medium-sized industrial sectors.

“Pakistan has been a longstanding trade and strategic partner of China and we have plans to increase investment under the China-Pakistan Economic Corridor (CPEC) and increase imports from Pakistan to make it an economically strong and independent country,” he said.

“We look forward to speedy completion of the projects included in CPEC.”

He voiced hope that following complete implementation, CPEC would help create employment opportunities and provide better health and educational facilities. Punjab would become a hub of investment in future, he said.