Chinese consul briefed about facilities at SEZs
TOBA TEK SINGH: Consul General of Peoples Republic of China Zaho Shiren during a visit to Faisalabad was briefed about the facilities and security measures provided to Chinese investors in Special Economic Zones (SEZs) under the arrangement of Faisalabad Industrial Estate Development and Management Company (FIEDMC).
In the briefing session held at Time Ceramics, Chairman Board of Investment and Trade Fazeel Asif, Secretary Industries Punjab Ahmed Javed Qazi, DC Imran Hamid Sheikh, AC Chak Jhamra Khawar Bashir were also present.
The secretary industries said M3 Industrial City, Value Addition City and Allama Iqbal Industrial City organised by FIEDMC are the major special economic zones of Pakistan where Chinese companies have been provided with best facilities.
He said the journey of industrial development is at its peak and local and foreign investors are being provided with best possible opportunities.
The DC said Value Addition City has 225 acre, M3 Industrial City 4,356 acre and Allama Iqbal Industrial City 3,217 acre land where pharmaceutical, textile, paint, steel, furniture, chemicals, processing, mobile and other industries have been established.
He said special packages are given on the purchase of plots in SEZs.
He said in addition to roads, sewerage, water supply, shopping malls and other facilities, rapid progress is also being made for 100 per cent electricity and gas connections in the zones. He said steps are also being taken to solve the problems faced by Chinese investors.
The consul general thanked the administration and police officers and said the Chinese government is sending 10 trucks of equipment for the flood-hit people of Pakistan. He said there will be full cooperation in the future to ensure investment of more Chinese companies in economic zones.
He said a delegation of representatives of Chinese companies would visit economic zones to implement the investment agreements.
The consul general visited M3 Industrial City and took a briefing about investment.
Published in Dawn, August 31st, 2022