*LAHORE: **In a positive development, $5 billion to be injected in Pakistaneconomy creating tens of thousands of new jobs.*
Special Economic Zones (SEZs) will create new business opportunities forChinese companies in many sectors of the economy as investors are planningto invest $5 billion in Pakistan over the next three to five years, saidChinese 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 appreciatedPakistan government’s business-friendly policies and pledged Chineseinvestment in various small and medium-sized industrial sectors.
“Pakistan has been a longstanding trade and strategic partner of China andwe have plans to increase investment under the China-Pakistan EconomicCorridor (CPEC) and increase imports from Pakistan to make it aneconomically strong and independent country,” he said.
Read Top Stories
“We look forward to speedy completion of the projects included in CPEC.”
He voiced hope that following complete implementation, CPEC would helpcreate employment opportunities and provide better health and educationalfacilities. Punjab would become a hub of investment in future, he said.
