Ahsan for ensuring tangible outcomes of Pak-China industrial cooperation

ISLAMABAD: Minister for Interior and Planning, Development and Reform, Ahsan Iqbal on Friday urged for ensuring tangible outcomes of Pak-China industrial cooperation.

Chairing a meeting to review progress on Special Economic Zones (SEZs), Minister Ahsan Iqbal directed all stakeholders to fast track the development of SEZs, complete land acquisition process and feasibilities.

He instructed the line ministries and provincial governments to ensure concrete measures for provision of electricity, gas and other facilities to these SEZs.

“We need to transform these SEZs into an attractive destination for foreign investment”, said Ahsan Iqbal, instructing provinces to finalize their incentives plan for SEZs, in addition to the incentives already announced by the federal government.

The zone authorities should create a competitive environment for making this cooperation, a truly successful one, said Ahsan Iqbal, emphasizing further to develop these zones on the basis of feasibly studies and locally available resources.

Ahsan Iqbal said that a model and smart industrial park be developed in Islamabad Capital Territory with consultation of Islamabad and Rawalpindi Chamber of Commerce.

The minister instructed the provinces to opt for best and feasible financing model, ensuring maximum benefits from relocation of labor intensive industries from China to Asia and subsequent recreation of 85 million jobs.

Ahsan Iqbal underlined need of vibrant Board of Investment and asked the officials of BOI to prepare reform package in accordance with prevailing needs and circumstances.

During the meeting, BOI officials briefed the participants regarding the visit of Chinese SEZs experts’ group, scheduled in the second week of October.

The experts would conduct training workshops besides holding meeting with Pakistan’s experts on industrial development sector.

Ahsan Iqbal instructed that all efforts be made to conduct meaningful workshops and meetings during the visit of Chinese Expert Group.

He issued instruction to undertake determined efforts regarding industrial cooperation for bringing out tangible outcomes prior to 7th JCC Meeting.

The meeting was attended by senior officials form line ministries and provincial governments. On this occasion, the provincial authorities briefed the meeting about their respective SEZs.