ISLAMABAD: Prime Minister Imran Khan on Monday directed authorities to intensify efforts to attract more investment from China, underscoring the importance of industrialization and economic growth for Pakistan’s future.
Chairing a high-level meeting focused on facilitating Chinese investors in Pakistan’s Special Economic Zones (SEZs), the prime minister emphasized the critical need for foreign investment, particularly from China, to drive industrial expansion. He noted that attracting foreign capital is essential to generate employment opportunities, especially for Pakistan’s rapidly growing youth population, with 65% of citizens under the age of 35.
“Pakistan needs investment to accelerate industrialization,” stated the prime minister. “It is crucial to create maximum employment opportunities for our growing population.”
To ensure a conducive environment for investors, PM Khan directed authorities to take all necessary measures to facilitate Chinese companies. He highlighted the importance of providing essential services such as land, electricity, gas connections, and comprehensive tax incentives to encourage Chinese firms to establish a strong presence in Pakistan’s SEZs. These zones, part of the China-Pakistan Economic Corridor (CPEC), are seen as vital drivers for industrialization and economic development in the country.
The prime minister’s directives align with Pakistan’s broader strategy to strengthen economic ties with China, a key partner under the CPEC framework. PM Khan stressed the importance of effectively populating these SEZs to unlock their full potential and further cement bilateral economic cooperation.
During the meeting, it was reported that out of the total 27 designated SEZs across Pakistan, work on five zones is progressing at an accelerated pace. These zones include Dhabeji in Sindh, Rashakai in Khyber Pakhtunkhwa (KPK), Bostan in Balochistan, Allama Iqbal Industrial City in Punjab, and Gwadar in Balochistan. The rapid development of these SEZs is part of the government’s plan to fast-track industrial growth and create new employment opportunities.
In order to streamline operations and provide comprehensive support to investors, an effective one-window operation facility is being established at each of these SEZs. Additionally, a facilitation center within the CPEC Authority will serve as a central point to resolve issues faced by potential Chinese investors, offering solutions under one roof to expedite the investment process.
The meeting was attended by Chinese Ambassador to Pakistan Nong Rong, alongside several key federal ministers and advisors, including Shaukat Fayyaz Tarin, Makhdoom Khusro Bakhtiar, Asad Umar, Muhammad Hammad Azhar, Abdul Razzak Dawood, and Khalid Mansoor. The senior officials discussed the steps needed to ensure that Pakistan remains an attractive destination for Chinese investment, while also addressing any barriers that may hinder progress.