Second phase of CPEC to bring investment worth billions of dollars in Pakistan: SAPM Mansoor



2022-02-07 14:41:00

Particular Assistant to the Prime Minister on CPEC Affairs Khalid Mansoor addresses a press convention in Islamabad. Photograph: PID  

ISLAMABAD: Particular Assistant to the Prime Minister on CPEC  Affairs  Khalid Mansoor has mentioned that almost all of the Chinese language corporations expressed their deep curiosity in investing in Pakistan throughout Prime Minister Imran Khan’s latest two-day historic go to to Beijing.

Addressing a press convention, Khalid Mansoor mentioned that the second phase of CPEC concerned multi-billion greenback investments in the nation.

“PM Imran Khan held around 20 back-to-back meetings with representatives of around 500 companies to help bring investment into the country,” he mentioned.

He mentioned that 65% inhabitants of Pakistan was underneath 40 years of age and Pakistan had a talented labour power.

The SAPM mentioned the CPEC Authority offered the one-window facility to the Chinese language buyers including that if their points nonetheless stay unresolved, then PM home was there to handle the problems.

He mentioned that underneath Phase-2, Chinese language corporations would assist in establishing Metal and Steel Recycling Plant in Gwadar inside three years, which might produce metals worth $4.5 billion for exports in addition to creating 40000 jobs.

He mentioned that Chinese language corporations would additionally assist develop agriculture of the nation on trendy traces to improve per acre yield and seed high quality.

He mentioned a Chinese language firm would make investments in constructing LNG storage at Karachi port whereas a manufacturing facility for value-added merchandise could be arrange on Lahore-Kasur highway in the textile sector.

Mansoor mentioned that one other Chinese language firm Royal Guru was to make investments $50 million in the auto sector of the nation.

Chinese language corporations need to make investments $200 million in making medical units whereas an investment of $2 billion by the Chinese language corporations could be made for laying optical fibre.

He mentioned each the nations China and Pakistan had agreed to transfer ahead with the second phase of CPEC.

“During the Phase-I of CPEC, out of $53 billion investments of $25 billion were materialised whereas $28 billion were under consideration, he said, adding that “recent steps had been being taken for the rehabilitation of industries and industrial improvement in Pakistan.”

The SAPM knowledgeable journalists that ECC had permitted refunds worth Rs100 billion to CPEC IPPs, out of which Rs50 billion had already been paid whereas the remaining Rs50 billion could be paid quickly.

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