Pakistan, China appraises progress on CPEC, SEZs

6th JWG meeting to strengthen business collaborations at provincial levels between two countries


ISLAMABAD: Pakistan and China on Friday reviewed the progress of China Pakistan Economic Corridor (CPEC), Special Economic Zones (SEZs) and also discussed the future plan for the completion of these projects.

Both sides evaluated the development of CPEC,SEZs, particularly Rashakai, Allama Iqbal, Dhabeji and Bostan SEZs and expressed satisfaction over the achievements so far, said a press release issued by Board of Investment (BOI) here.

The 6th Joint Working Group (JWG) meeting was co-chaired by Secretary Board of Investment (BOI) Fareena Mazhar and Director General, National Development and Reform Commission (NDRC), China, Mr.Ying Xiong .

Representatives of Pakistan Embassy Beijing and Chinese Embassy Islamabad were also present in the meeting along with other JWG members.

Contrary to the previous JWG meetings, the 6th JWG witnessed active participation and presentations by the provincial NDRCs in China to strengthen business to business collaborations at the provincial levels between the two countries.

Jiangsu, Zhejiang, Shandong and Guangdong provinces committed to encourage their enterprises to develop linkages with Pakistan’s provincial BOIs and invest therein.

Provincial NDRCs vowed to collaborate with Pakistan’s provincial BOIs for joint efforts to bring in meaningful FDI and strike business to business (B2B) ventures. The Chinese side showed great interest in the mining sector of Pakistan.

The China Geological Survey and Metallurgical Corporation of China presented their possible proposals for collaboration in the mining sector of Pakistan.

Pakistan Mineral Development Corporation (PMDC) also delivered a detailed presentation highlighting the potential of the sector and possible investment opportunities for Chinese investors.

The Board of Investment also presented proposals of establishing a Special Economic Zone at government to government (G2G) basis and CPEC Tower in Islamabad. A Chinese foreign ministry spokesperson said that all parties in Pakistan could stay united and uphold national development and stability.

“As ironclad friend of Pakistan, we hope all parties in the country can stay united and uphold national development and stability,” Zhao Lijian said in response to a question about current political situation in Pakistan after Prime Minister Imran Khan blocked opposition parties no-confidence move against him. He said China always followed the principle of non-interference in other countries domestic affairs. Terming China and Pakistan as all-weather strategic cooperative partners, he said. History has proven once again that no matter how the international landscape may evolve, how our respective domestic situation may change, China and Pakistan relations will always stand unbreakable and rock firm.”

“We believe that the China-Pakistan overall cooperation and the China Pakistan Economic Corridor (CPEC) construction will not be affected by the political situation in Pakistan,” he added. Further adding to this, China firmly opposes and combats any form of cyber-attacks and will not encourage, support or condone any cyber-attack, China’s Foreign Ministry Spokesperson Zhao Lijian said on Thursday.

“We have noted the relevant reports. As I repeated many times, we firmly oppose and crackdown on all forms of hacking activities. We will never encourage, support or condone such activities, he said during his regular briefing in response to a question regarding targeting of power sector in India by suspected Chinese hackers in the recent months.

He said that cyberspace had the feature that it was virtual and that there were many players. So, then designating relevant cases, there should be enough evidence. A lot of prudence was required in doing so.

The spokesperson said, As is known to all, the US is the empire of hacking.

It has launched the most hacking activities in the world. I try to remind the relevant institution you mentioned, if it really cares about cyber security, it should pay more attention to the attacks launched by the US against the Chinese companies and institutions.

They should do more conducive that was to facilitate dialogue cooperation among countries instead slinging mud at China, he added.

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