Pak government expects USD 4 billion investment in three CPEC-linked industrial zones
Lahore [Pakistan], Dec.28 (ANI): The Government of Pakistan is expecting USD four billion as fresh investment in three industrial zones that will be set up in Punjab and Khyber-Pakhtunkhwa (K-P) along the China-Pakistan Economic Corridor (CPEC) routes.
The Express Tribune quoted Faisalabad Industrial Estate Development and Management Company (FIEDMC) Chief Operating Officer Aamir Saleemi, as saying that this investment would be made in the first phase of the Faisalabad Industrial Estate, Sheikhupura Industrial Estate and Haripur Industrial Estate respectively.
He said that in the Faisalabad Industrial Zone alone, as many as 650 new factories are expected to be set up.
The Punjab government has proposed Sheikhupura and Faisalabad cities for setting up these industrial units in the first phase of setting up Special Economic Zones. The Joint Cooperation Committee of the CPEC that is meeting in Beijing from Wednesday would take up these proposals, according to officials of Punjab government.
The CPEC is now taking shape, three years after its launch. (ANI)