“As an important pilot project of the Belt and Road Initiative, the China-Pakistan Economic Corridor (CPEC) is an open one guided by the principles of extensive consultation, joint contribution, and shared benefits,” said China’s Foreign Ministry Spokesperson Zhao Lijian's at a regular press conference.
The SEZ MIS Module was approved to facilitate investors to gain admission in zones and ensure transparency in allocation of plots in various SEZs, he added.
Applicants include a Chinese Firm Zhengbang Agriculture Pakistan Pvt Ltd with a plan Rs. 800 m investment. Amongst other 14 local firms, Zahid Jee Textile Mills, Ocean Ceramics & Ittehad Metals to initiate business establishments worth Rs.11.8 billion, Rs. 11.2bn and Rs. 7.5bn, respectively.
Nong Rong said in Rashakai SEZ, both Pakistan and China were mutually working to ensure security, visa facilitation, and other infrastructure facilities.
Turkey has been reportedly pushing to co-manufacture warplanes and missiles in Pakistan, which could potentially grant it access to coveted military technology from China.