BEIJING, March 25: A special industrial zone, with maximum incentives, will be set up in Pakistan for Chinese investors.

This was agreed upon during a meeting held here on Tuesday between Adviser to Prime Minister on Finance and Economic Affairs Shaukat Aziz and the Chinese Commerce Minister Lu Fuyuan.

It was decided that the two countries would enhance cooperation for effective and timely implementation of the ongoing projects like Gwadar, Saindak and Railways, official sources told APP.

They also agreed that the Joint Ministerial Commission would meet in Islamabad soon to review the entire spectrum of economic and trade cooperation.

Shaukat Aziz hoped that the Chinese government and the companies would take steps enhancing participation in investment activities in Pakistan, as well as correcting the balance of payment position.

He said Pakistan attaches great importance to its economic relations with China, and wished to work together for socio-economic progress of their people.

Pakistan, he said is engaged in a massive programme to overcome poverty and believes that their bilateral cooperation could help to achieve the desired results.

Those who were also present during the meeting were Liaquat Jatoi, Minister for Industries and Dr. Hafiz Sheikh, PM’s Adviser on Privatization and Investment and Secretary Economic Affairs.—APP