ISLAMABAD: Prime Minister Imran Khan has approved establishment of a Special Economic Zone in Karachiunder the China-Pakistan Economic Corridor.
Chairing a review meeting on the progress of the CPEC projects and promotion of investment on Sunday, the prime minister said that the strategic partnership between Pakistan and China is exemplary in the world.
He expressed satisfaction over the progress of SEZs. The prime minister said that it is necessary to promote investment in areas of mutual interest in order to transform these relations into strong economic ties.
The prime minister said that CPEC is not only a harbinger of economic growth for Pakistan but also a path to development for the entire region. He said that all possible incentives should be provided to investors. He directed the Board of Investment to formulate and present a detailed plan, with consultation of the business community, for the promotion of foreign investment in specific sectors.
He also directed the authorities concerned to take immediate steps to remove barriers in issuing long-term visas to foreign investors, especially Chinese investors.
Meanwhile, CPEC Authority Chairman Lt-Gen (r) Asim Saleem Bajwa on Sunday said that work on the 103-kilometre Nokundi-Mashkhel road has been started that would improve access to Iran on completion.
Bajwa, taking to his official Twitter handle, shared that the detailed design of Mashkhel-Panjgur Road (200 km) was also in process.
He said the entire remote region of Balochistan would be opened by connecting N-40 with N-85 and M-8 (western route of CPEC) by linking Chagai-Nokundi Sector with Gwadar. The chairman said that Gwadar port is becoming a hub of economic activities under the mega project of CPEC.
