Tuesday, June 15, 2021
Home CHINA-CPEC-BRI Time to reap benefits of CPEC, says Chairman CPEC Authority

Time to reap benefits of CPEC, says Chairman CPEC Authority

By Minahil
Makhdoom

ISLAMABAD: Pakistan will start reaping the benefits of the second phase of the China-Pakistan Economic Corridor (CPEC) in the form of industrial and agricultural development and a better road connectivity, Chairman of Pakistan’s CPEC Authority Asim Saleem Bajwa said.
Several roads under CPEC are in their final phase which are expected to be inaugurated in 2021 and after their completion, locals will experience a better connectivity, and business opportunities in the country will increase, Bajwa said while talking to media on Tuesday night.
Talking about the special economic zones (SEZs) being established under the framework of CPEC, the official said that they are receiving many applications from local and foreign enterprises to invest in the SEZs where the government is providing a one-window operation to facilitate the investors.
In Allama Iqbal SEZ of Punjab province’s Faisalabad city, investors from Canada, Britain and Germany have applied to set up industry in the form of joint ventures with local partners in the SEZ. “Apart from them, Pakistani-American doctors along with some U.S. doctors have approached to establish a pharmaceutical sector in the SEZ,” Bajwa said.
He added that efficient and corporate farming are going to be introduced for the first time in the country in cooperation with China under CPEC.
“Model farms are going to be started on vast areas of land under CPEC from the next crop, and a 25-percent enhancement in local yields is expected under the guidance of Chinese experts on the farms,” he said.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Munro, Iftikhar help United beat Kings by eight wickets

Sports Desk ABU DHABI: Colin Munro and Iftikhar Ahmed smashed .. runs together to help Islamabad United beat Karachi Kings by eight wickets in the...

Families not allow during England WI Tours

Bureau Report Lahore: Pakistan cricket team players will reportedly not be allowed to take their families with them on the upcoming tours to England and...

Paralympians still battle misconceptions: Stockwell

Sports Desk Colorado: Sports fans still fail to recognize the huge effort and dedication it takes to get on to a Paralympic team, American triathlete...

Premier praises Cop for doing duty despite injury

By Anzal Amin Islamabad: Prime Minister Imran Khan on Monday met Islamabad Traffic Police Head Constable Qaiser Shakeel and praised his “conscientiousness” in performing his...

Recent Comments