PM Khan Chairs a Meeting on Foreign Investment in Export Industries under CPEC

Prime Minister Imran Khan chaired a review meeting on foreign investment in export industries under CPEC.

Federal Ministers Shaukat Fayyaz Tareen, Shah Mehmood Qureshi, Sheikh Rashid Ahmed, Asad Umar, Makhdoom Khusro Bakhtiar, Ali Zaidi, Trade and Investment Adviser Abdul Razzaq Daud, Special Assistant Waqar Masood, Moeed Yousuf, Chairman CPEC Authority Lt. Gen. (R) Asim Saleem Bajwa and concerned senior officials were present in the meeting. The meeting was attended by Governor SBP Raza Baqir through video link.

During the meeting, it was discussed that the visa issues of Chinese officials coming under CPEC have been completely resolved while the Ministry of Home Affairs is handling new cases on a daily basis which has had a positive impact on the CPEC development.

A detailed briefing was given on the comprehensive strategy formulated by the Board of Investment for the establishment of export industries in the Special Economic Zones. The attendees were informed about the identification of potential foreign investors in various sectors in China and the incentives provided to them for direct investment in Pakistan. Briefing on the establishment of assembly units of three major international mobile companies in Pakistan and their positive impact on local consumption and exports was also the part of the meeting. Steps taken by CPEC Authority, Ministry of Industries and Production and Board of Investment were also discussed.

The Prime Minister termed the timely completion of CPEC as one of the top priorities of the government and stressed that the government was taking steps to promote investment in the export industry in the Special Economic Zone. The export industries will provide employment, increase economic volume and ensure valuable foreign exchange as well as access to the “Made in Pakistan” brand in global markets.