Pakistan

One window operation facility for Chinese investors to be fully implemented: PM

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday assured the Chinese investors to further simplify the procedures for the companies working in Pakistan, especially under the umbrella of China Pakistan Economic Corridor (CPEC) and implement them in letter and spirit.

He said under the CPEC, the two countries were entering into a new era of cooperation, therefore the government was further streamlining and simplifying the procedures to facilitate the Chinese companies and investors working in Pakistan.

PM Shehbaz assured the Chinese investors that the difficult time for them was now over as “we are going to do this under one umbrella as a one window operation and this I mean in letter and spirit…not just words but true implementation”, the official news agency reported.

Addressing an award ceremony here, Shehbaz Sharif said that the Chinese government and companies had contributed towards Pakistan’s industrial promotion in various areas and their contribution had not only led to creating job opportunities and industrial production but also further strengthened the bilateral economic ties.

Earlier, the prime minister gave awards to top performing Chinese companies working especially in projects under CPEC in Pakistan.

He said recently the two friendly countries had celebrated a decade of CPEC under the Belt and Road Initiative (BRI). He said China has so far invested a valuable $30 billion under CPEC that has really transformed the economic landscape in Pakistan.

“Now we are entering into the second phase of CPEC in which multiple new areas are being incorporated including the green corridor, information technology, and special economic zones,” he said.

He said the Pakistan government has launched a great initiative — ‘Special Investment Facilitation Council (SIFC)’ — which will consist of all main stakeholders including the federal government, all provincial governments and institutions, particularly Pakistan Army led by COAS General Syed Asim Munir.

He said the Army Chief had personally contributed in this programme in a way that it has no parallel in the past as he was totally dedicated to promote the cause of Pakistan and the people who have education and talent but no jobs.

“The SIFC will dovetail with the entire CPEC mechanism and will be a propeller in terms of Pakistan’s industrial agri progress,” he added.

Minister for Board of Investment (BoI) Chaudhry Salik Hussain said CPEC had ushered in a new era of progress and development in various areas including energy, infrastructure, industrial development, agriculture and, science and technology.

He said the mega project will help Pakistan localise products that were currently being imported to fulfil the country’s needs.

Charge d’affaires of the Chinese Embassy in Pakistan Pang Chunxue said since its launch in 2013, the CPEC — being the pilot project of the Chinese Belt and Road Initiative (BRI) — has made remarkable contributions to the socio-economic development of local people of the country.

She said China will always stand firmly with Pakistan and work together to coordinate the country’s development and security areas.

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