CPEC: Asad Umar calls for Pakistan-China investors’ joint ventures in SEZs

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Islamabad: Federal Minister for Planning, Development and Special Initiatives Asad Umar has said Pakistani and Chinese investors should go for joint ventures in the Special Economic Zones (SEZs) being established in Pakistan under the China-Pakistan Economic Corridor (CPEC).

In a meeting with Ambassador of China to Pakistan Nong Rong who called on him here, the minister said the SEZs under CPEC would provide maximum facilities to foreign investors.

Matters related to bilateral relations and projects under CPEC and the upcoming Joint Coordination Committee (JCC) came under discussion, said an official statement.

Discussing the progress of CPEC projects, it was noted that work on Allama Iqbal SEZ in Faisalabad and Rashakai SEZ was progressing smoothly and a large number of investors had shown interest in investments in these Economic Zones.

Ambassador Nong Rong said the Chinese side would continue to actively encourage investors to benefit from investment opportunities in these Zones. “Progress of various other infrastructure projects was also discussed,” said the statement.