Steps underway to facilitate investors

FAISALABAD:

The government is taking comprehensive measures to provide maximum facilitation to investors at economic zones with an aim to transform Pakistan into a manufacturing hub, said Special Assistant to Prime Minister on China-Pakistan Economic Corridor Affairs Khalid Mansoor. Speaking to the media at the Faisalabad Industrial Estate Development and Management Company (FIEDMC) office on Tuesday, he pointed out that the development work on CPEC phase-I was going on in an expeditious manner and investment worth $25 billion was being made in industrial estates under CPEC phase-I. According to him, $13 billion has been invested while another $12 billion is in the pipeline. “Now, we are working on CPEC phase-II, under which foreigners will be asked to pour investment into the critical sectors such as agriculture, textile, pharmaceutical, general industry, IT and others,” he said. The SAPM said that agriculture and textile sectors would be specially focused on in CPEC phase-II and maximum investment would be brought to these sectors.

Published in The Express Tribune, August 25^th, 2021.

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