Early completion of CPEC projects sought

PCJCCI chief says new projects will bring technology to industrial sector

Our Correspondent May 20, 2021
Secondary River Closure Ceremony of 884 MW Suki Kinari Hydel Power Project. PHOTO: TWITTER/@AsimSBajwa


Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) President SM Naveed has urged early completion of CPEC projects, which will open plenty of new opportunities for young entrepreneurs in Pakistan.

During an online meeting, Naveed observed that the China-Pakistan Economic Corridor (CPEC) had entered into the most important phase, where projects were not merely limited to infrastructure. The new projects, he said, would bring modern technology to the industrial sector in Pakistan. The PCJCCI chief appreciated the government for paying equal attention to CPEC despite a health emergency in the wake of Covid-19.

Uplift work on Faisalabad's Allama Iqbal SEZ in full swing: CPEC Authority chief

Speaking on the occasion, PCJCCI Senior Vice President Daud Ahmed told meeting participants that Century Steel - a Chinese firm with investment of $240 million - was about to set up a steel mill in the Rashakai Special Economic Zone (SEZ), which would produce around 1.5 million tons of steel per annum.

The firm will provide employment to over 600 Pakistanis during the construction phase while in the second phase over 1,000 jobs will be provided.

Published in The Express Tribune, May 20th, 2021.

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