China commits $10-$15 billion investments
ISLAMABAD: Pakistan has received commitments from China for getting investments of $10-$15 billion for various sectors, including for establishing industrial units at 2,200 acres of Gwadar Free Zone, exploring the possibility to establish oil refinery at Pasni and relocation of industries into seven important sectors, including textile, footwear and pharmaceuticals into upcoming the Special Economic Zones.
Adviser to Prime Minister on CPEC, Khalid Mansoor, on Monday said that Pakistan took steps to address the outstanding concerns of Chinese investors such as payment of dues to independent power producers, making revolving funds functional and changing Special Economic Zones (SEZ) Act. This change in SEZ Act will pave the way to bypass 37 approvals for federal and provincial governments for making investments in SEZs.
