Timely establishment of SEZs urged

ICCI chief says it will help economy reap benefits and grow

Our Correspondent August 21, 2021
Development of the SEZs is the most critical part of the Long Term Plan of CPEC that promises industrialisation of Pakistan, creation of new jobs and sustainable bilateral cooperation. PHOTO: FILE


The China-Pakistan Economic Corridor (CPEC) is vital for Pakistan and the government should provide maximum facilities to local and foreign investors under the project, said Islamabad Chamber of Commerce and Industry (ICCI) President Sardar Yasir Ilyas Khan.

Speaking as a chief guest at the Bahria University on Friday, he said that investor facilitation would help tap complete investment potential under CPEC which, in turn, would lift the economy of Pakistan.

He was addressing the students at the conclusion of summer school, which focused on CPEC.

“The government has to establish nine Special Economic Zones (SEZs) under CPEC in the first phase and the zones should be established well in time so that the economy can reap the benefits and grow,” he said.

He urged the government to ensure that 50% share in investment and joint ventures under CPEC was given to local investors and 90% of employment opportunities were provided to Pakistani human resources.

He underlined the need for technology transfer for the benefit of the economy.

Khan also highlighted the avenues to be tapped by Pakistan under CPEC in the short and long term in a bid to improve the country’s economy.

He appreciated the efforts of Bahria University for organising the summer school for its students and assured the varsity that the ICCI would offer the required assistance for holding such events in future.

Published in The Express Tribune, August 21st, 2021.

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