Islamabad: President Arif Alvi has said CPEC is strategic project having economic, financial, logistics and connectivity value for Pakistan and China, regional and other countries of world.

Talking to Chinese Ambassador Nong Rong here, he said Pakistan welcomes other countries to partner and benefit from this project.

Arif Alvi said full operationalisation of CPEC and planned Special Economic Zones are important milestones.

He urged Chinese IT sector to invest in SEZs and benefit from Pakistan’s cost effective human resources, liberal investment regime and cyber data protection policy and tax incentives.

He emphasised need to fully operationalize road linkages between China and Gwadar Port in all weather conditions to fully utilise their capacity and achieve their fullest potential.

Arif Alvi said that Pakistan has taken tangible steps to ensure safety and security of Chinese workers and nationals who are contributing to development of various strategic projects. He said both countries should explore options to use local currency for bilateral trade and investment.

President encouraged Chinese companies to set up their outlets and manufacturing plants for semiconductors in Pakistan.

Chinese Ambassador in his remarks said his government is fully committed to completing CPEC as fast as possible, envisaging new projects and reaching out to government to meet its immediate financial and economic needs.

Published in The Daily National Courier, December, 10 2022

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