LAHORE: Federal Minister for Planning and, Chairman NCOC Asad Umar has
said that the investment in Pakistan under CPEC is estimated at $53 billion, while 17 projects worth $13 billion have been completed while $12billion project are near completion.
He said that the investment of $25 billion has not only created thousands of jobs but also increased foreign exchange reserves of the country.
He was talking to media during a visit to Challenge Textile Factory
set up with Chinese investment on Multan Road, Lahore.
Asad Umar said that after the $25 billion investment $ 28 billion
investment projects are in the pipeline that will be implemented soon
revolutionising the economy of Pakistan.
He said that under CPEC, Chinese investment in mobile phone
manufacturing has started in Pakistan, which will save millions of
dollars in foreign exchange.
When asked about the spread of Corona-19, Asad Umar said that there
would be no complete lockdown in the country and the policy of smart
lockdown of prime minister has been successful which has been
appreciated by the world.
Chairman CPEC Authority Khalid Mansoor said that in the first phase
of CPEC, power plants were set up which overcame 16 hours of load
shedding.
“Now we are activating special economic zones so that more quality
companies can invest in Pakistan. One window operation in the
economic zone will solve the problem
Earlier, the guests were briefed by Karen Chen, Managing Director,
Company Challenge, on various aspects of the factory and the Chinese
investment and the company’s future plans.
