Rashakai SEZ pact to be signed by end August: Bajwa

Published August 8, 2020
Second phase of CPEC was all about taking its dividends to the public, says CPEC Authority chairman. — AFP/File
Second phase of CPEC was all about taking its dividends to the public, says CPEC Authority chairman. — AFP/File

ISLAMABAD: CPEC Authority Chairman Lt Gen (retd) Asim Saleem Bajwa said on Friday that the agreement on establishing Rashakai Special Economic Zone would be signed in the third week of August.

According to him, the second phase of China Pakistan Economic Corridor (CPEC) was all about taking its dividends to the public. He said socioeconomic development in Gwadar and other parts of Balochistan had been initiated with focus on ensuring participation of local people in all the development projects.

Bajwa, who is also Special Assistant to Prime Minister on Information and Broadcasting, was chairing a special dialogue titled ‘Gwadar Por, Free Economic Zones’ Role in the Prosperity of Balochistan and Regional Connectivity’, organised by the Sustainable Development Policy Institute (SDPI) here.

He said that Gwadar port as well as the airport had become fully functional now and Afghan Transit Trade has diverting towards the city, adding the National Development Council during its recent meeting had decided to pay special focus on the development of Balochistan.

The Gwadar District Economic Zone is being developed in addition to the Gwadar City. Besides, vocational training is being provided to enable local population to participate and fully benefit from the projects.

China Ambassador to Pakistan, Yao Jing, while sharing his views commented that Gwadar had huge potential for the development and regional connectivity. He said that the government here and all concerned authorities including CPEC’s played vital role in moving the project forward.

Therefore, several economic initiatives have already been taken by the Chinese government as well as private companies with the help of local partners.

He added that Gwadar was not just a port but a comprehensive business project and thanks to tax incentives announced by the Government of Pakistan, the area now offers a lot of potential for the trade and investment.

The envoy said that Chinese government was committed to provide all the resources that might be required for the future development needs of Gwadar.

Jing affirmed that China wanted to expand its cooperation for the development of whole Balochistan including agricultural, such as testing cotton seed in the province. ­

Published in Dawn, August 8th, 2020

Opinion

Back to governance

Back to governance

While PDM has continued efforts to mount political pressure, it has been unable to force a crisis to challenge the PTI government.
Inequality virus
25 Jan 2021

Inequality virus

An Oxfam report calls for radical changes to the economic system.

Editorial

Updated 25 Jan 2021

Where the buck stops

The rights to due process and security of person are accorded to every individual in this country.
25 Jan 2021

PPP’s plan?

THE PDM faces a fresh crisis as the PPP takes a conspicuously soft position on the long march. While the PDM talks ...
25 Jan 2021

Forward guidance

THE State Bank has taken the unusual step of issuing a forward guidance in its latest monetary policy statement to...
Updated 24 Jan 2021

Delayed olive branch

THE PTI government has finally mustered up sufficient political prudence to extend an olive branch to the opposition...
24 Jan 2021

Bureaucracy reform

WHILE the intention behind the endeavour may be lauded, the civil service reform package unveiled by the government...
24 Jan 2021

Minority rights

ON Thursday, the United Nations General Assembly adopted a resolution to safeguard religious sites around the world,...