Top Banner Ads Across site (Mobile) Adsence 300X250
Post Page Banner Ad

China applauds CPEC Authority’s briefing to Chinese firms on investment options

China applauds CPEC Authority's briefing to Chinese firms on investment options


BEIJING: China has applauded the China-Pakistan Economic Corridor (CPEC) Authority for hosting a meeting of Pakistan-based Chinese companies and briefing them about more investment opportunities in Pakistan.

Chinese Foreign Ministry Spokesperson Zhao Lijian applauded the efforts from the Pakistani side to increase input in the development.

Special Assistant to the Prime Minister (SAPM) on CPEC Khalid Mansoor briefed the participants on the latest developments with regard to CPEC and said that the CPEC Phase-II is aimed at enhancing the bilateral cooperation in industrial, technological, and agricultural sectors.

Lijian said that the CPEC development has entered the stage of high-speed and quality development.

“We believe we will better focus on agriculture, industrial development, and people’s livelihood while ensuring the good operation of the existing projects,” he added.

The spokesperson said both countries would try to make the CPEC a demonstration project.

“We also hope that [the] Pakistani side will provide more enabling conditions and convenience for [the] Chinese companies to do business in Pakistan,” he added.

The CEOs and representatives of over 70 Chinese companies attended the meeting held in Islamabad, while a number of companies joined through video links, as well.

Mansoor highlighted that four of the total nine agreed Special Economic Zones (SEZs) along with the Gwadar Free Zone under the auspices of CPEC are at an advanced stage of development and investors have started to populate these SEZs.

He also said the CPEC Authority is setting up a facilitation center for investors.

Minister for Planning, Development, and Special Initiatives Asad Umar and Ambassador of China to Pakistan Nong Rong were also present on the occasion.

Download BOL News App for latest news