Chinese investment worth USD 12 billion expected in CPEC SEZs: Asim Saleem Bajwa

Lahore: China-Pakistan Economic Corridor (CPEC) Authority chief Lt. General Asim Saleem Bajwa (retd) has said that Iron Brother China was expected to make further investments of around US $ 12 billion as the multi-billion-dollar CPEC plan was being completed with full swing.

Bajwa said the new Chinese investments will be made in CPEC’s Special Economic Zones (SEZs). The CPEC Authority chief said investment of around US $13 billion had already been made in various sectors under the CPEC projects while an additional investment of US $ 12 billion was in the pipeline.

Speaking to journalists here after visiting a textile mill established by a Chinese company ‘Challenge Group,’ he said a number of more Chinese investors were lining up for investment in Pakistan’s industrial sector and soon all would be accommodated.

Expressing satisfaction over the establishment of the factory of international standard by the Challenge Group, he said the owner of the company was now keen to establish his own SEZ in Pakistan that would be exclusively an export oriented zone and all the goods produced by that SEZ would be exported to other countries.

Bajwa said the visa date was also being extended for the Chinese investors as the period of visas was being increased from three months to two years.  He said CPEC was bringing economic revolution in Pakistan and its benefits could be witnessed clearly in Gwadar port city.

Bajwa said there was no limit of cooperation with China as it was ready to cooperate with Pakistan in every field. “Prime Minister Imran Khan himself is leading issues related to agriculture livestock sectors,” he added.