CPEC Authority hailed over investment prospects meeting

China on Wednesday applauded the China-Pakistan Economic Corridor (CPEC) Authority for hosting a meeting of Pakistan-based Chinese companies and briefing them about investment opportunities in the country.

Chinese Foreign Ministry Spokesperson Zhao Lijian hailed the efforts from the Pakistani side to increase input in the development.

The meeting, held in Islamabad, was attended by Minister for Planning, Development and Special Initiatives Asad Umar, SAPM on CPEC Affairs Khalid Mansoor and Ambassador of China to Pakistan Nong Rong.

Mansoor briefed the participants on the latest developments with regard to CPEC and stated that Phase-II of the CPEC was aimed to enhance the bilateral cooperation in industrial, technological and agricultural sectors.

Lijian remarked that the development of CPEC had entered the stage of “high speed and quality development”.

“We believe, we will better focus on agriculture, industrial development and people’s livelihood while ensuring the good operation of the existing projects,” he added.

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The spokesperson said that the both countries would try to make the CPEC a “demonstration” project.

“We also hope that Pakistani side will provide more enabling conditions and convenience for Chinese companies to do business in Pakistan,” he added.

The CEOs and representatives of over 70 Chinese companies attended the meeting while a number of companies joined the session through video link.

The SAPM highlighted that four out of a total of nine organisations had agreed on special economic zones along with Gwadar Free Zone under the auspices of CPEC.

He further stated that the CPEC Authority was setting up a facilitation centre for CPEC investors.