Skip to main content

CPEC projects enter second phase

By Our Correspondent

Published: September 15, 2017

A truck drives along the China-Pakistan Friendship Highway before the Karakorum mountain range near Tashkurgan in China's western Xinjiang province. PHOTO: AFP

KARACHISindh Board of Investment (SBI) Chairperson Naheed Memon has said that China-Pakistan Economic Corridor (CPEC) projects have entered their second phase where collaboration between local and Chinese industries is expected on a large scale.

“I have no doubt that CPEC will be a game changer for Pakistan and the region,” she said on Thursday while visiting the Korangi Association of Trade and Industry (KATI), a representative organisation of industries in one of the largest industrial zones of Karachi.

Sindh’s Projects: Inclusion in CPEC to bring prosperity


SBI and KATI also signed a memorandum of understanding (MoU) to promote investment and trade activities. Memon said joint efforts by the public and private sectors were needed to develop cooperation and bring investments in Sindh.

She told the gathering that the SBI was working closely with the provincial government to bring investments in industrial ventures in rural Sindh with agribusinesses as the prime focus.

KATI President Masood Naqi emphasised the need for speeding up industrialisation in the rural areas of Sindh, especially in agribusiness and food processing.

Naqi said the share of Sindh in national revenue was shrinking every year, which indicated serious issues with the industry in the province. He was of the view that growing trade deficit and declining exports had now become a major challenge for the country.

Use of divisible pool for CPEC unconstitutional: Sindh CM

“There is a lot of potential in Sindh, which is yet to be explored, to bring investment and promote industrialisation,” he added.

Terming the Southern Bypass a long-awaited project, he said it would facilitate goods transport without disturbing Karachi’s vehicular traffic. “We expect the Sindh government to allocate more funds for this project on a priority basis,” he said.

KATI Standing Committee on Industrial Investments and Standardisation head Farrukh Mazhar said MoUs should be taken seriously by government agencies because only public-private endeavours could bring investors to Pakistan.

Senator Abdul Haseeb Khan said the SBI should also play its part in social welfare projects that were well-defined in its provisions.

Published in The Express Tribune, September 15th, 2017


Popular posts from this blog

Balochistan Advocacy : Japan-Baloch alliance

Muneer Mengal in Japan.

Balochistan to establish first medical university

The Newspaper's Staff CorrespondentOctober 25, 2017QUETTA: The provincial cabinet on Tuesday approved the draft for establishing a medical university in Balochistan.Health minister Mir Rehmat Saleh Baloch made the announcement while speaking at a press conference after a cabinet meeting.“The cabinet has approved the draft of the medical university which would be presented in the current session of the Balochistan Assembly,” he said, adding with the assembly’s approval the Bolan Medical College would be converted into a medical university.Published in Dawn, October 25th, 2017

5 Shia Hazara community members gunned down in Pakistan

Five members of the minority Shia Hazara community, including two women, were killed on Sunday in an attack by unidentified gunmen in Pakistan’s restive Balochistan province.This is not the first time that members of the Hazara community have been targeted in Quetta and other parts of Balochistan.(Reuters File Photo)Updated: Sep 11, 2017 00:20 ISTBy Press Trust of India, Press Trust of India, KarachiFive members of the minority Shia Hazara community, including two women, were killed on Sunday in an attack by unidentified gunmen in Pakistan’s restive Balochistan province.The gunmen targeted a car in Kuchluck area of Quetta while it was coming from the Chaman border crossing area, police said.The firing took place when the travellers had stopped at a filling station to refuel their vehicle. Five people of the Shia Hazara community, including two women, died in …