Chinese Invester to bring $150 billion investment in Pakistan

CHINA PAKISTAN ECONOMIC CORRIDOR (CPEC) 

 

Chinese Invester to bring $150 billion investment in Pakistan After CHINA PAKISTAN ECONOMIC CORRIDOR (CPEC) 

 

 ISLAMABAD MEDIA CELL : Board of Investment (BoI) Chairman Dr Miftah Ismail has voiced hope that after completion of the China-Pakistan Economic Corridor (CHINA PAKISTAN ECONOMIC CORRIDOR (CPEC) ), $150 billion worth of investment would be brought by Chinese investors in Pakistan.

“In the post-CHINA PAKISTAN ECONOMIC CORRIDOR (CPEC)  scenario, we will require skilled manpower to work in various industries in all provinces of the country,” he said while delivering a speech at the three-day 19th Sustainable Development Conference on the theme of “Sustainable Development: Envisaging the Future Together

Ismail emphasized that the government was keenly focusing on removing regional disparity and paving the way for equal development in all provinces, especially the remote regions.
Baluchistan would get more benefits from CHINA PAKISTAN ECONOMIC CORRIDOR (CPEC)  and Gwadar Port would play a pivotal role in providing connectivity and enhancing regional trade opportunities, he said berief to Media Cell


CHINA PAKISTAN ECONOMIC CORRIDOR (CPEC)  will promote economic integration and regional connectivity for development and prosperity in the region,” Ismail said. “All provinces and regions have a shared opportunity for infrastructure development and industrial growth, which provides employment opportunities and ensures prosperity in the country.”
Turning to energy projects, he said work had got under way on the Turkmenistan-Afghanistan-Pakistan- India (TAPI) gas pipeline while Central Asia-South Asia 1,000-megawatt power supply project would also meet energy needs of Pakistan.


Earlier speaking at the inaugural session, Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz underlined the need for South-South collaboration for peace and prosperity in the region.
He also highlighted the importance of regional and international cooperation for meeting new targets of the Sustainable Development Goals (SDGs).


He called for more investment, adopting new technologies, building capacity and identifying barriers to achieve the targets of SDGs and Vision 2025.


While chairing the inaugural session, Federal Minister of Climate Change Zahid Hamid said the government’s Vision 2025 had seven pillars and 25 goals, which were fully in line with the SDGs.
He insisted that implementation of the development agenda was possible with global and regional cooperation and CHINA PAKISTAN ECONOMIC CORRIDOR (CPEC)  was an example of that cooperation. and Great Achievement for pakistan in the first time in history .

SDPI Executive Director Dr Abid Qaiyum Suleri said the conference provided a platform for evaluating and learning “what we have done wrong to avoid these mistakes in the future.

Project Number 1: CPEC News Media: China To Reduce Tariff For Pakistan
China Ministry of Finance (MOF) will adjust down ward tariffs on a number of exports and imports from various countries including Pakistan Pakistan’s China Pakistan Economic Corridors (CPEC).
The new plan comes into force from next year, according to the China Ministry of Finance (MOF)  website in Futures Plans reports (CPEC) news.
To meet domestic demand, tax rates will be lower on some imported commodities next year 2017.
In line with trade pacts, more imports from Country Hong Kong and Country Macao will be tariff free in next year 2017 Pakistan’s China Pakistan Economic Corridors (CPEC).

There are some commodities from countries including in
· Republic of Korea,
· Australia,
· Pakistan
· New Zealand
will see reduced tariffs.
The number of items to be taxed in 2017 will reach 8,674, said the plan China Ministry of Finance (MOF) (CPEC).