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RCCI urges early completion of SEZ under CPEC

RCCI urges early completion of SEZ under CPEC

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) has urged the government and ministry of planning that the industrial parks would be developed aligned with local available resources. There is a need to expedite process and working on CPEC Special Economic Zones (SEZ).

The Labour-intensive industry from China under China Pakistan Economic Corridor (CPEC) shall be relocated in Pakistan to boost the local employment. These remarks were made by the President RCCI Saboor Malik at a seminar titled “Six Years of Belt and Road Initiative (BRI) and China Pakistan Economic Corridor (CPEC)” organised by the Sustainable Development Policy Institute (SDPI) in collaboration with Islamabad Stock Exchange (ISE).

He also pointed out that the upcoming industrial framework agreement with China would help to move forward with relocation of Chinese industries and large scale investment in Pakistan.

The RCCI president said, “We recognize CPEC as a game changer and we urge the government to focus on the 4th part of CPEC plan, which is Industrial Zones Development.” He further said that the CPEC is the flagship project of multi-billion dollar One belt one road (OBOR) and the success of this key mega project will bring the economic revolution in the country and the region.

The joint ventures between Chinese and Pakistani companies will increase the ownership of the key stakeholders, he added. The more we have local ownership in the projects the more it will be successful.