CPEC Authority to undertake more projects in Faisalabad: Bajwa

Bajwa says Faislabad is quite suitable for local as well as foreign investment

FAISALABAD: China-Pakistan Economic Corridor (CPEC) Authority Chairman Lt Gen (r) Asim Saleem Bajwa on Monday said that the CPEC Authority would undertake more projects in Faisalabad after the successful launch of Allama Iqbal Industrial City Special Economic Zone (SEZ).
He was addressing a meeting during his visit to Allama Iqbal Industrial City. The meeting was also attended by Faisalabad Industrial Estate Development & Management Company (FIEDMC) Chairman  Mian Kashif Ashfaq, Faisalabad Chamber of Commerce and Industry (FCCI) President Engineer Hafiz Ihtasham Javed, and officers of various departments.
Bajwa said that Allama Iqbal Industrial City was a flagship project of CPEC Authority which would facilitate Chinese investors to shift their high tech industrial units under the second phase of CPEC.
About industrial, commercial and business importance of Faisalabad, he said that it was quite suitable for local as well as foreign investment. He said the authority would try its best to improve basic infrastructure to facilitate investors.
Responding to a question from the FCCI president, he said that more projects would be launched under CPEC Authority in Faisalabad. In this connection, up-gradation of Faisalabad International Airport was also under consideration while a technical institute to provide skilled manpower would also be established under CPEC Authority.
He assured to visit FCCI next month to discuss issues and take final decision to launch new development projects.
He also visited M-3 Industrial City, Business Zone and Site office and expressed satisfaction over the facilities provided in this mega project. He stressed the need to further improve the infrastructure in order to facilitate the local as well as foreign investors.
FIEDMC Chairman Mian Kashif Ashfaq said that construction work of boundary wall, main gate and double carriage road had been completed in Allama Iqbal Industrial City while consultants were being hired for preparation of the master plan for this industrial city. He maintained that special one-window cell was also operational in Allama Iqbal City which would provide facilities to Chinese investors.

2 COMMENTS

  1. CPEC is going to be the new East India Company for Pakistan. The world knows that Pakistan is not getting anything under CPEC. Neither Pakistani companies are getting work in CPEC nor are Pakistani laborers being hired. All the work is being done by Chinese companies and laborers. Even construction material is being purchased from Chinese companies. And the Pakistani authorities have no attention on this. Pakistan officials are sitting with their eyes closed to fill their pockets and China is slowly occupying the country’s assets. China is just seeing its advantage in the entire CPEC project and it has no meaning with Pakistan’s development.

  2. Yes this lady going to spread pessimism. It seems as she is associated with political parties having no concern with the country’s economy. These elements want only a big turmoil entailing loose administrative control of ruling party. Such elements don’t like stability in country’s economy because of antagonistic mentality.

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