Pak-China joint venture in SEZs a win-win situation: PM ShahbazBreaking

August 16, 2022

Prime Minister Muhammad Shahbaz Sharif  said that with the cooperation of Chinese companies in Special Economic Zones (SEZs), “we hope to attract Chinese machinery in these zones and other areas where Chinese technology along with Chinese and Pakistani investment can make a wonderful win- win situation.” While addressing the ceremony at Rashakai Special Economic Zone, he said, “China has moved to a different level of high-tech industrial projects and is moving away from labor intensive projects. Labor is very expensive in China now and we are in a country where we have comparatively cheaper skilled and semi-skilled labor.”

According to Gwadar Pro, he said, “This is the first special economic zone I visited; it’s my personal interest and commitment towards the promotion of economic zones in Pakistan, particularly in the smaller provinces of Pakistan for example Baluchistan and K-P.” “That’s why I am here to show this commitment to the entire country that regardless of whatever factors and situation. We are all committed to working jointly to promote industrial investment, jobs, production and revenue to make Pakistan a progressive and a prosperous country in the times to come,” he added.

On the occasion the Prime Minister also received a briefing by China Road and Bridge Corporation (CRBC) on the construction and development of Rashakai Special Economic Zone. The PM further added that CRBC has done wonders in the past with their experience and with other  companies “we should sit down and chart out a plan whereby Chinese and Pakistani companies can utilize each other ‘s resources. We can send our delegations from special economic zones to China and attract Chinese investors to Pakistan.”

Credit: Independent News Pakistan-INP