“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.
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.