PM directs incentives to attract more Chinese investment

PM directs incentives to attract more Chinese investment

ISLAMABAD: Prime Minister Imran Khan on Monday directed the authorities to make all possible efforts to provide incentives to attract more investment from China.

The prime minister chaired a meeting on facilitating Chinese investors in special economic zones (SEZs).

The prime minister said: “Pakistan needs investment to accelerate industrialization.

“It is critical to create maximum employment opportunities for our growing population, 65 per cent of which is under the age of 35.”

He directed the authorities concerned to take all possible measures to provide land; electricity and gas connections; and tax incentives to attract more and more Chinese companies to invest in Pakistan and populate SEZs.

Earlier, the prime minister was briefed that out of the total 27 SEZs in the Country, work on 05 SEZs (Dhabeji in Sindh, Rashakai in KPK, Bostan in Balochistan, Allama Iqbal Industrial City in Punjab, and Gawadar in Balochistan) is in full swing.

An effective one window operation facility is being set up at each of these SEZs and a Facilitation Center in CPEC Authority to resolve all issues of the potential Chinese investors under one roof.

The meeting was attended by Chinese ambassador to Pakistan Nong Rong, Federal Ministers Shaukat Fayyaz Tarin, Makhdoom Khusro Bakhtiar, Asad Umar, Muhammad Hammad Azhar, Advisor on Commerce Abdul Razzak Dawood, SAPM on China Pakistan Economic Corridor (CPEC) Affairs Khalid Mansoor and senior officers concerned.

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