PM Shehbaz Sharif vows to remove all problems and hurdles in smooth execution of CPEC SEZs
RASHAKAI, Jun. 16 (Gwadar Pro)- Pakistani Prime Minister Shehbaz Sharif said on Wednesday afternoon that all problems and hurdles in the smooth execution of Special Economic Zones (SEZs) under China-Pakistan Economic Corridor (CPEC) would be addressed on a priority basis.
During his visit to Rashakai Special Economic Zone, the PM stressed that focusing on establishing SEZs across the country would boost industrialization and exports and generate employment.
“The government is committed to completing SEZs at the earliest to ensure development and prosperity in the country,” he added.
The Prime Minister mentioned that nine SEZs had been planned to be developed in Pakistan aimed at promoting industrial infrastructural and technology transfer.
He contended that China had switched to high-tech industrial projects and invited Chinese companies to invest in Pakistan.
He said the solution to Pakistan’s economic problems was massive industrialization and diversified exports.
The PM remarked that massive economic activities in the country would create employment, encourage exports and stimulate import substitution.
He emphasized that the Chinese expertise in technology and the cheap labour of Pakistan could act in balance to benefit both sides.
The Prime Minister proposed the launch of road shows in China to highlight Pakistan’s potential for trade and investment.
He underscored the sharing of expertise between the two countries and the need to further augment development by exploring areas in Khyber Pukhtunkhwa and other parts of Pakistan.
He directed the authorities to follow the timelines of the projects related to SEZs and announced holding a virtual meeting in the future to sort out ways for improvement.
PM Sharif said with CPEC entering the most crucial second phase of implementation, it was important to focus on the establishment of SEZs to make them model of development.