FAISALABAD: Prime Minister Imran Khan on Friday said that the Special Economic Zones (SEZs) will provide Chinese industries the requisite environment to set up their factories in Pakistan.
“There are many industries that wish to relocate from China. We have yet to provide them the environment to relocate to Pakistan. This special economic zone is that environment that China seeks,” said the prime minister after performing the groundbreaking ceremony of 4,000-acre state-of-the-art Allama Iqbal Industrial City here.
The industrial city, meant for housing foreign and local investors besides giving impetus to economic activities in the country, is a mega project of the Special Economic Zone of Faisalabad Industrial Estate Development and Management Company (FIEDMC) under the China-Pakistan Economic Corridor (CPEC).
“China’s Premier Li has said clearly that if we provide them the environment, they will push Chinese industries to Pakistan,” PM Imran said, adding that they will not only invest in Pakistan, but transfer technology and increase our productivity.
Pakistan and China have agreed to develop nine SEZs across the country and decided to complete three on a priority basis. The decision to set up the special zones was taken after Chinese officials time and again cited the absence of organised, developed industrial land in the country for the delay in the relocation of manufacturing facilities here from China.
