Friday, May 24, 2024

Pakistan-China strategic alliance is ‘outstanding for the globe,’ according to Prime Minister Imran Khan

Islamabad (Monitoring Desk) Prime Minister Imran Khan stated on Sunday that Pakistan and China’s strategic alliance is “exemplary” for the rest of the world. He was presiding over a conference to assess the status of projects related to the Pakistan-China Economic Corridor (CPEC).

CPEC, according to the prime minister, is not only a harbinger of economic progress for Pakistan, but also a path to regional prosperity. “It is vital to promote investment in areas of mutual interest and provide all available incentives to investors in order to develop these relations into strong economic connections,” the Prime Minister added.

Details on the many investment programmes under the Pakistan-China Economic Corridor (CPEC), the government’s facilities for Chinese investors, and the challenges experienced by shareholders and their quick answers were discussed at the meeting.

The prime minister asked responsible authorities to take immediate action to remove barriers to the issue of long-term visas to international investors, particularly Chinese investors, and to create a separate visa category for those involved in CPEC projects.

The prime minister stated that all available incentives for investors should be provided, and he asked the Home Ministry to provide a summary to the federal cabinet in this regard. He expressed pleased with the Special Economic Zones’ progress and directed the establishment of a CPEC Special Economic Zone in Karachi. The Prime Minister asked the Board of Investment to develop and deliver a detailed plan for promoting foreign investment in certain sectors, with input from the business community.

He also instructed the relevant authorities to take immediate efforts to remove impediments to foreign investors, particularly Chinese investors, receiving long-term visas.