Rashakai SEZ pact to be signed by end August: Bajwa

Published August 8, 2020
Second phase of CPEC was all about taking its dividends to the public, says CPEC Authority chairman. — AFP/File
Second phase of CPEC was all about taking its dividends to the public, says CPEC Authority chairman. — AFP/File

ISLAMABAD: CPEC Authority Chairman Lt Gen (retd) Asim Saleem Bajwa said on Friday that the agreement on establishing Rashakai Special Economic Zone would be signed in the third week of August.

According to him, the second phase of China Pakistan Economic Corridor (CPEC) was all about taking its dividends to the public. He said socioeconomic development in Gwadar and other parts of Balochistan had been initiated with focus on ensuring participation of local people in all the development projects.

Bajwa, who is also Special Assistant to Prime Minister on Information and Broadcasting, was chairing a special dialogue titled ‘Gwadar Por, Free Economic Zones’ Role in the Prosperity of Balochistan and Regional Connectivity’, organised by the Sustainable Development Policy Institute (SDPI) here.

He said that Gwadar port as well as the airport had become fully functional now and Afghan Transit Trade has diverting towards the city, adding the National Development Council during its recent meeting had decided to pay special focus on the development of Balochistan.

The Gwadar District Economic Zone is being developed in addition to the Gwadar City. Besides, vocational training is being provided to enable local population to participate and fully benefit from the projects.

China Ambassador to Pakistan, Yao Jing, while sharing his views commented that Gwadar had huge potential for the development and regional connectivity. He said that the government here and all concerned authorities including CPEC’s played vital role in moving the project forward.

Therefore, several economic initiatives have already been taken by the Chinese government as well as private companies with the help of local partners.

He added that Gwadar was not just a port but a comprehensive business project and thanks to tax incentives announced by the Government of Pakistan, the area now offers a lot of potential for the trade and investment.

The envoy said that Chinese government was committed to provide all the resources that might be required for the future development needs of Gwadar.

Jing affirmed that China wanted to expand its cooperation for the development of whole Balochistan including agricultural, such as testing cotton seed in the province. ­

Published in Dawn, August 8th, 2020

Opinion

Editorial

Disregarding CCI
Updated 04 Nov, 2024

Disregarding CCI

The failure to regularly convene CCI meetings means that the process of democratic decision-making is falling apart.
Defeating TB
04 Nov, 2024

Defeating TB

CONSIDERING the fact that Pakistan has the fifth highest burden of tuberculosis in the world as per the World Health...
Ceasefire charade
Updated 04 Nov, 2024

Ceasefire charade

The US talks of peace, while simultaneously arming and funding their Israeli allies, are doomed to fail, and are little more than a charade.
Concerning measures
Updated 03 Nov, 2024

Concerning measures

The govt must seek political input and consensus on the changes it is seeking to make and be open about its intentions.
Short-lived relief?
03 Nov, 2024

Short-lived relief?

POLICYMAKERS must be jumping with joy. At the close of the first quarter of FY25, the budget posted a consolidated...
Brisk spread
03 Nov, 2024

Brisk spread

THE surge in polio cases has reached distressing levels with a tally of 45 last reported, after two cases emerged in...