Adviser to Prime Minister on China-Pakistan Economic Corridor (CPEC) Khalid Mansoor on Monday said that phase 2 of the corridor involved multi-billion dollar investments in Pakistan.
Addressing a news conference, he said that during his visit to China, Prime Minister Imran Khan held around 20 back-to-back meetings with the representatives of around 500 companies to help bring investment to the country.
The adviser said that the Chinese companies had been facilitated with a compliance regime and they were not required to obtain NOCs from 37 different departments before launching any investment project in the special economic zones.
He said the CPEC authority provided one-window facility to the Chinese investors, adding that if there issues still remain unresolved, then the PM House was there to address the issues. He said that under Phase-2, the Chinese companies would support in setting up Steel and Metal Recycling Plant in Gwadar within three years, which would produce metals worth $4.5 billion for exports, besides creating 40,000 jobs.
He said that the Chinese companies would also help develop agriculture of the country on modern lines to enhance per acre yield and seed quality. He said some companies were interested to grow maize and soybean in Pakistan. He said a Chinese company would invest in building LNG storage at the Karachi Port whereas a factory for value-added products would be set up on Lahore-Kasur road in the textile sector.
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Source: https://tribune-com-pk.cdn.ampproject.org/
