Singaporean investors urged to set up industries in SEZs

Published July 9, 2021
In this file photo, China-Pakistan Economic Corridor Authority Chairman Asim Saleem Bajwa speaks to the media in Hoshab, Balochistan. — DawnNewsTV/File
In this file photo, China-Pakistan Economic Corridor Authority Chairman Asim Saleem Bajwa speaks to the media in Hoshab, Balochistan. — DawnNewsTV/File

ISLAMABAD: CPEC Authority Chairman retired Lt Gen Asim Saleem Bajwa on Thursday urged investors from Singapore to tap the huge potential in the newly established Special Economic Zones (SEZs) under the China-Pakistan Economic Corridor (CPEC).

“I invite you to come in here for the win-win opportunity as we have a huge young human resource and cheaper labour force,” he said while addressing as a keynote speaker at a webinar on investment opportunities in SEZs established under CPEC initiative.

The event was jointly organised by the Pakistan High Commission and the Embassy of China in Singapore.

“We are hungry for industrialisation and development therefore Singapore investors could benefit from our potential,” Mr Bajwa added.

He said Singapore could be a role model for economic development for Pakistan and the Pakistan government wanted to get expertise of Singapore investors especially in science technology and industrialisation.

Speaking about the importance and achievements of the mega project, the chairman pointed out that CPEC was a lifeline for Pakistan.

The first phase, he said, was almost completed which was largely meant to bridge the energy and infrastructure gaps in the country.

“We are now moving towards the second phase of CPEC with a range of sectors including industrialisation, tourism, science technology, and agriculture,” he added.

He said some 37 SEZs had been identified in Pakistan out of which nine were prioritised and four were shortlisted as the most important ones.

Published in Dawn, July 9th, 2021

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