Nine industrial zones to be set up along CPEC route in three years
Nine industrial zones to be set up along #CPEC route in three years
ISLAMABAD, Pakistan: As many as nine industrial zones have been planned to be set up along the route of China Pakistan Economic Corridor (CPEC) from Gwadar to Chitral to utilize the natural resources throughout the Country.
“These industrial zones would be set up in a period of two to three years with the ownership of the respective provinces”, official sources in Ministry of Planning told the state-run news agency in Islamabad on Tuesday.
Sources 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 the CPEC, one each in all the four provinces, Federally Administrated Tribal Areas (FATA), Azad Kashmir, Gilgit-Baltistan, and two by the Federal government in Islamabad Capital Territory (ICT) and Port Qasim at Karachi”.
The sixth Joint Cooperation Committee held last year had approved nine special economic zones 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.
Furthermore, sources added that the government had executed its plan of utilizing untapped coal reserves in Thar, a black gold which has a capacity to produce power for 400 years.
They further said that with the help of technology in marble mining sector, a modern marble city would be established in Mohmand Agency, FATA. dnd.com