ISLAMABAD: Pak-China have agreed to fast track implementation of industrial cooperation under CPEC, utilizing Chinese experiences to develop SEZs.

Board of Investment meeting

This decision has taken in the Board of Investment meeting. Secretary BoI Omer Rasul and Deputy Director General of National Development & Reform Commission (NDRC) jointly chaired the meeting on Friday.

Officials from China and Project Management Unit BOI also present on the occasion.

Secretary BoI Omer Rasul briefed the NDRC delegation regarding the steps which has taken from Pakistan side.

Industrial Cooperation

He told that after completion of the first phase of CPEC. The project in energy and road infrastructure sectors have achieved its commercial operation.

In the second phase, all is set to start implementation of industrial cooperation as envisioned, he added.

Omer Rasul also intimated that ground breaking of Rashakai SEZ in Khyber Pakhtunkhwa is planned next month.

Two more SEZs; China Special Economic Zone, Dhabeji at Sindh and Allama Iqbal Industrial City (M3), Faisalabad would also follow similar pattern of development, he stated.

Special Economic Zones SEZs

Government has alerted all the line ministries. It has also sufficient funds have allocated to start provision of utilities in line with the development of these SEZs, he informed.

Secretary BoI underscored the need of creating a government to government (G2G) framework to give a firm push to industrial cooperation which would be carried out in business to business mode.

Chinese willing to invest

The delegation of NDRC also appreciated Pakistan’s efforts. They also informed that Chinese investors are willing to invest in the development and population of SEZs under CPEC.

Mr. Gao Jian also declared industrial cooperation as a main gain and real focus of CPEC that could help the country to develop its industrial cluster based on its potentials.

Chinese train & Equip Pak SMEs

The Chinese side also offered to train and equip Pakistan’s small and medium enterprises (SMEs), making them technologically sound and competitive to ensure rise in export.

Both sides further discussed agenda for Joint Working Group (JWG) on industrial cooperation and forthcoming Joint Cooperation Committee (JCC), expected in October or November this year.

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