Islamabad, July 6: So called ‘China-Pakistan Economic Corridor’ (CPEC) envisages a deep and broad-based penetration of most sectors of Pakistan's economy and society by Chinese. Now, A team of Chinese experts will arrive in Pakistan in a few days to shape up their country's investment plans for Special Economic Zones (SEZs) of CPEC.
According to Dawn reports, preparatory meeting chaired by Pakistan's Planning and Development Minister Ahsan Iqbal on Tuesday reviewed the availability of land and infrastructure and the investment plans for the SEZs of the CPEC.
The meeting was attended by representatives from PoK (Pakistan occupied Kashmir), Gilgit-Baltistan, the Federally Administered Tribal Areas (FATA) and Board of Investment Chairman Miftah Ismail.
The representatives of the provinces gave presentation regarding the prospective zones and the updated availability of facilities in their region during the meeting.
According the report, the meeting was informed that nine SEZs would be set up in all the provinces and other regions. The two SEZs, including the development of an industrial park on Pakistan Steel Mills land at Port Qasim, near Karachi will be setup by the Pakistan government itself.
The Chinese experts, who are the part of Joint Industrial Working Group, would discuss the incentives for the investors and the feasibility of the SEZ sites during their Pakistan visit.
Interestingly, China has also emerged as the single largest lender of money to Pakistan ever since the two countries decided to undertake the CPEC project a little more than two years back.