Prime Minister Shehbaz Sharif says government is committed to complete Special Economic Zones at the earliest to ensure development and prosperity in the country.
Addressing a meeting at Rashakai Special Economic Zone in Rashakai on Wednesday, he said all problems and hurdles in the smooth execution of SEZs would be addressed on a priority basis.
The Prime Minister said focusing on establishing SEZs across the country would boost industrialization and exports and generate employment.
He said the solution to Pakistan’s economic problems is the massive industrialization and diversifying the export base. He said massive economic activity in the country would create employment, encourage exports and stimulate import substitution.
The Prime Minister said nine SEZs have been planned to be developed in Pakistan for promoting industrial infrastructural and technology transfer.
He invited the Chinese companies to invest in Pakistan. He said Chinese expertise in technology and the cheap labour of Pakistan could act in a balance to benefit both sides.
The Prime Minister proposed the launch of roadshows in China to highlight Pakistan’s potential for trade and investment.
He emphasized on sharing of expertise between the two countries and need to further augment development by exploring areas in Khyber Pukhtunkhwa and other parts of Pakistan.
He directed the authorities to follow the timelines of the projects related to SEZs and announced holding a virtual meeting in the future to sort out ways for improvement.