Prime Minister Imran Khan says the government is taking all out steps toincentivize investors for promotion of industrialization and exports in thecountry.
He was addressing the ceremony of commercial launch of Rashakai prioritizedSpecial Economic Zone near Nowshera on Friday.
The Prime Minister said hurdles are being removed to facilitate the localand foreign investors to invest in Pakistan.
He emphasized on establishing export-based industry in the country forwealth creation. He said the future of Pakistan lies in industrialization.
Imran Khan said Rashakai Special Economic Zone is being established underCPEC. He said Pakistan has a great potential and it can learn a lot fromthe fast industrial growth of China.
He directed the KP Government to give land at the zone on lease instead ofselling it to avoid real estate speculations. He also advised for ensuringone window operation to facilitate the investors.
The Prime Minister the government’s prudent economic policies have startedyielding positive results, and the four percent growth has surprisedeveryone. He said large scale manufacturing is showing growth.
He said the PTI government had to pass through a difficult time for one anda half years; however now the difficult time is over. He said thegovernment is taking steps to ensure the economic stability sustainable.
He said the government’s successful policy to deal with Covid-19 has helpedsave lives as well as livelihood.
Earlier addressing the ceremony, Chinese Ambassador Nong Rong congratulatedthe Prime Minister, the government and the people of Pakistan on commerciallaunch of Rashakai Special Economic Zone.
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He said the project will give impetus to industrial development inPakistan. He said it also help enhance economic cooperation betweenPakistan and China.
The Ambassador said the Rashakai Special Economic Zone will not onlyaccelerate economic progress but also create jobs for the youth in Pakistan.
Rashakai prioritized Special Economic Zone is part of China-PakistanEconomic Corridor cluster.
It is a flagship project of KP Government and KP Economic Zone Developmentand Management Company.
Rashakai Special Economic Zone spreads over about one thousand acres ofland, which is linked with CPEC route on M-I Motorway and other districtsof the province that makes the project strategically significant.
The construction of the zone is being carried out with the collaboration ofChina’s state enterprise China Road and Bridge Corporation and KP EconomicZone Development and Management Company.
Different industries, including pharmaceutical, textile, food and beveragesand steel and engineering will be established at Rashakai Special EconomicZone.
The project will provide employment opportunities to about two hundredthousand people of the area directly and indirectly.
