Pakistan PM Sharif: Determined to complete all CPEC projects on time

Sharif said the affordable and skilled Pakistani labour and modern Chinese technology jointly will help make the economic development grow at a vigorous pace

Shehbaz Sharif, Pakistan
Shehbaz Sharif
Press Trust of India Islamabad
2 min read Last Updated : Jun 15 2022 | 8:04 PM IST

Pakistan Prime Minister Shehbaz Sharif on Wednesday said that he is determined to timely complete all the projects under the multi-billion-dollar China-Pakistan Economic Corridor (CPEC) and assured that he will resolve all the issues faced by the Chinese companies working in Special Economic Zones.

Addressing a meeting in Rashakai Special Economic Zone, a flagship industrial project of the government of Khyber-Pakhtunkhwa under the CPEC, Sharif said his government is committed to industrial development to make Pakistan an economically progressive country, state-run Radio Pakistan reported.

Shehbaz said a total of nine special economic zones were launched during 2016-17 in the Joint Commission Committee. He added that Pakistan is taking advantage of modern Chinese technology.

He said the affordable and skilled Pakistani labour and modern Chinese technology jointly will help make the economic development grow at a vigorous pace.

The Prime Minister suggested holding road shows and other activities in China to promote Chinese investment that could result in a "win-win" situation. He assured to resolve all the issues faced by the Chinese companies working in Special Economic Zones.

Shehbaz directed to achieve targets in the SEZ on stipulated times and stressed on making the Special Economic Zones a role model.

The USD 62 billion CPEC, which connects Gwadar Port in Pakistan's Balochistan with China's Xinjiang province, is the flagship project of China's ambitious Belt and Road Initiative (BRI). It was signed in 2015 when Chinese president Xi Jinping visited Pakistan. The multi-billion dollars project aims to build infrastructure, power generation facilities and industrial zones in Pakistan.

India has protested to China over the CPEC as it is being laid through Pakistan-occupied Kashmir.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Shahbaz SharifPakistan PML-N

First Published: Jun 15 2022 | 8:04 PM IST

Next Story