Home Latest News Groundbreaking Ceremony of Rashakai SEZ to be organized in November says Officials in JWG on Industrial Cooperation
Latest News - October 23, 2019

Groundbreaking Ceremony of Rashakai SEZ to be organized in November says Officials in JWG on Industrial Cooperation

Joint Working Groups (JWGs) of China-Pakistan Economic Corridor's (CPEC) meeting was held on industrial cooperation via video conference. Executive Director General II, Board of Investment, Qasim Raza Khan co-chaired the meeting with Gao Jian, Deputy Director-General, National Development and Reform Commission of China. Officials briefed that development work on Rashakai SEZ would begin from next month as the development agreement is in the final stage. Officials discussed coordinated efforts for early provision of utilities and land allocation. They agreed to advance business to business connections to create ease for the Chinese investors who are attracted to Pakistan's SEZs. JWG also decided to boost industrial competitiveness in Pakistan through the transfer of modern technology and providing state of the art industrial practices and technical training. The Chinese side expressed keen interest in becoming part of the bidding process for Dhabheji SEZ. NDRC members revealed that report on the diagnosis of Pakistan's textile industry would be shared shortly. Officials also deliberated upon Up-gradation of Pakistan steel mills.

ISLAMABAD, Oct 22 (APP):The meeting of Joint Working Groups of China Pakistan Economic Corridor (CPEC) Industrial Cooperation via video conference was held here on Tuesday.

The meeting was co-chaired by Qasim Raza Khan, Executive Director General II, Board of Investment and Gao Jian, Deputy Director General, National Development and Reform Commission of China, said a statement issued by BOI here.

Officials from line ministries, provincial governments and embassies attended the meeting.

Both sides agreed to jointly accelerate the efforts to enhance the level of industrial cooperation by ensuring concentrated efforts with early provision of utilities and allocation of land.

Pakistan and China have agreed to enhance business to business linkages; to facilitate increased level of investment from Chinese enterprises, to enhance industrial competitiveness of business in Pakistan; through technology transfer, world class managerial and industrial practices and skills transfer.

Progress on prioritized CPEC SEZs including Rashakai, Dabiji, Alama Iqbal Industrial City (M3) was reviewed.

It was agreed that the groundbreaking of Rashakai SEZs may be done next month whereby the development agreement is in the final stage.

The Chinese side expressed keen interest to participate in the bidding process for Dhabheji SEZ.

In the process of industrial diagnosis of key industries, the Chinese experts informed that the report of the textile industry diagnosis is ready and will be shared by Chinese side soon.

Both sides also discussed the possibility of up-gradation of Pakistan Steel Mills.

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