Ambassador of the Peoples Republic of China Yao Jing called on Pakistani Minister for Planning, Development & Special Initiatives Asad Umar today in Islamabad, to discuss matters relating to CPEC, B2B Collaboration between the two Countries and Social Sector development in Pakistan also came under discussion.
The Minister expressed his satisfaction at the overall delivery of CPEC projects and said that the pace of implementation would be further accelerated.
He said that the establishment and operationalisation of the Special Economic Zones in all of the provinces is a top priority and the progress in this regard is being closely monitored.
The SEZ would act as a catalyst in increasing the growth of local manufacturing.
Chinese Ambassador Yao Jing appreciated Government of Pakistan’s efforts to fast track the China-Pakistan Economic Corridor projects. He expressed his desire to put special focus on Rail Transport, Hydel Power Projects, Social Sector Development Projects and B2B collaboration between the two countries.
He further stated that China would also consider investing in the low-cost housing program.
The Chinese Ambassador said that the meetings of some of the JWGs will be held through video conferencing to ensure preparation for the upcoming JCC meeting without any delay.
The Minister for Planning also said that the Provincial and the Federal Government are highly interested in the KCR (Karachi Circular Railway) project and discussed the latest developments regarding the project.
He emphasised the need to increase B2B collaboration in Banking, Telecom and Digital Finance, Manufacturing and Agriculture Sectors. The Ambassador assured the Minister that the Chinese side is keen to promote such relationships.