SEZs to attract investment from China, rest of the world: Alvi

ISLAMABAD: President Dr Arif Alvi said that Special Economic Zones (SEZs) were being established in Pakistan to attract investment from China and the rest of the world. Addressing the third China International Import Expo ceremony held at Shanghai through a special video message, the president said that the China-Pakistan Economic Corridor, a flagship project of Belt and Road Initiative was forging ahead successfully.

The president said that in the first phase, it focused on energy and infrastructure sectors development, while in the second phase, development of social sector, agriculture and establishment of industry were at its core. The president appreciated Chinese people, who under the leadership of President Xi Jinping, have successfully dealt with the Covid-9 pandemic.

The president said the third phase trial of Covid-19 vaccine was being conducted in Pakistan with Chinese collaboration, and the vaccine would not only benefit Pakistan but the world at large. The third China International Import Expo in Shanghai brings together around 2,600 businesses from over 120 countries and regions, and has already registered about 400,000 professional buyers. The China International Import Expo is a trade fair held in autumn annually since 2018 in Shanghai, China.

Copyright Business Recorder, 2020