CPEC-related projects: Pakistani businessmen urged to enter into joint ventures

Manager Admin of Chinese Overseas Port Holding Company (COPHC), Victor Jia has invited Pakistani business community to make investment and undertake joint ventures in China Pakistan Economic Corridor (CPEC) which will bring progress and prosperity in Pakistan and the entire region.
Exchanging views with a delegation led by Chairman of Indenters Association of Pakistan (IAP), Saquib Fayyaz Magoon which toured Gwadar port, he said that CPEC, besides creating massive number of job opportunities, will also escalate the industrial and trading activities and promote the overall regional trade.
The meeting between IAOP delegation and China Port Holding was also attended by Wendy Wang and Dadullah from Gwadar Free Zone. Moreover, the IAOP delegation also met Director General of Gwadar Port Abdul Razzaq Durrani to extensively discuss trade facilities being offered at the Gwadar Port.
On the occasion, Saquib Magoon said that CPEC, while terming CPEC as 'most attractive' in terms of investment and joint ventures, stressed that Pakistani business community must become part of this mega project so that they could play their role in the economic development of the country.
He said that they absolutely have no doubt over the success of CPEC project keeping in mind the participation of different countries as stakeholders. This project has proved to be a game changer in the regional block, making Gwadar an attractive port for foreign investors around the world which was the basic reason foreign investors have been frequently visiting Gwadar Port. This interest shown by foreign investors has also given rise to real estate business, he added.
During a meeting with IAOP delegation, Director General Gwadar Port Abdul Razzaq Durrani informed the delegation that neither additional charges will be taken for supplying oil from Gwadar port nor any kind of tax will be imposed, which would encourage shipping companies to head for Gwadar port to get their ship refuelled-PR