Federal Minister for Planning, Development & Reform, and Ahsan Iqbal has said with ownership of provincial governments, all proposed nine industrial zones under China Pakistan Economic Corridor would be completed in a period of two to three years.
He expressed these views while answering in Senate’s questions hour. He informed that provincial governments have speeded up homework on implementation of these zones, planned to be set up under industrial cooperation between China and Pakistan, being introduced with successful implantation of projects in energy and transport infrastructure sector.
“To take advantage of Pakistan’s natural resources, economic zones will be established under CPEC, one each in all the four provinces, FATA, Azad Kashmir, Gilgit-Baltistan, and two by the Federal Government in Islamabad Capital Territory and Port Qasim at Karachi”.
The 6th Joint Cooperation Committee held last year, has approved nine special economic zones in principally, directing the joint work group on industry to ensure its speedy implementation. It is hoped that relocation of Chinese labour intensive industry would help in generating huge employment in Pakistan.
