Investment process in special zones simplified, says Asad Umar

Published December 30, 2021
Planning Minister Asad Umar addresses a ceremony in Islamabad on Wednesday. — APP
Planning Minister Asad Umar addresses a ceremony in Islamabad on Wednesday. — APP

ISLAMABAD: Federal Minister for Planning, Devel­opment and Special Initi­atives Asad Umar has said that Pakistan has simplified the process of investment in Special Economic Zones (SEZs) not only for Chinese companies but also for other international companies.

Speaking at a ceremony held for the distribution of awards among 27 outstanding Pakistani staff of CPEC projects at the Chinese Embassy, he said two days ago the government had approved the simplified investment process for industries and companies willing to invest and operate in the SEZs.

Besides, he said, the federal and provincial governments had developed a mechanism to facilitate companies interested in investment in SEZs. He said that despite Covid-19, CPEC made remarkable progress in 2021.

“We have seen completion of projects and most importantly broadening of CPEC that is through the industrial cooperation framework and now it is showing results such as construction work at AIlama Iqbal, Rashakai SEZs as well as expansion of Special Economic Zone in Gwadar.

“The north zone is 35 times larger than the south zone and that shows the confidence of Pakistan’s commitment towards progress and future of CPEC,” the minister said.

He said in the second phase of CPEC, the two countries were focusing on agriculture and science and technology sector.

The minister said that CPEC was expanding in all fields and many projects started in the first phase had been completed or about to be completed.

“This is the testimony of not just the quality of relationship between Pakistan and China but also evidence of our strong bond and commitment for completion of CPEC projects,” Mr Umar said.

Published in Dawn, December 30th, 2021

Opinion

Editorial

Khorasani’s killing
11 Aug, 2022

Khorasani’s killing

OMAR Khalid Khorasani, a dreaded TTP ‘commander’, lived by the sword and very much died by the sword. But beyond...
Gross overreaction
Updated 11 Aug, 2022

Gross overreaction

The government has already done considerable damage to itself with its indelicate handling of the situation.
Dadu deaths
11 Aug, 2022

Dadu deaths

DISEASES that are usually mild and preventable in countries with developed healthcare systems often prove to be...
Beyond the pale
Updated 09 Aug, 2022

Beyond the pale

When such ugliness is unleashed, everyone at some point suffers the fallout.
Burying Gaza
Updated 10 Aug, 2022

Burying Gaza

One fails to understand how the senseless killing of a child can be brushed so coldly under the carpet.
Celebrate the athlete
09 Aug, 2022

Celebrate the athlete

TALK about delivering on your promise: javelin thrower Arshad Nadeem did that in the grandest style at the...