Pakistan envoy invites China to invest in SEZs under CPEC
Pakistan Ambassador to China, Masood Khalid has invited the Chinese companies to invest in special economic zones under China-Pakistan Economic Corridor (China Pakistan Economic Corridor (CPEC)) and explained the incentives offered by the government to the foreign companies.
He made these remarks during his official visit to Weihei and Jinan, two cities in Shandong province of China. The visit was organized by Secretary General, Shanghai Cooperation Organization, Valdimir Norov, for the ambassador of SCO member countries, according to official sources here on Friday.
As part of the programme, on-site visits were arranged to Shandong Weigao Group company and Weihei Vocational College. Meetings were also arranged with the city administrations of Weihei and Jinan as well as with the administration of Shandong Province.
Ambassador Khalid highlighted that Pakistan would be focussing on expanding cooperation in agriculture, food processing, livelihood projects, waterpurification and treatment, vocational training and tourism especially religious tourism in the second phase of the CPEC which would start with the visit of Prime Minister Imran Khan to attend second Belt and Road Forum in Beijing.
He also hoped that more sister city relationships between Shandong Province and Pakistani cities will be established during this year which was being celebrated as the Year of Sister City exchanges by both governments.
Pakistan has the sister-province relationship between Punjab and Shandong Provinces as well as the sister-city relationship of Yantai and Jining with Lahorecity.
Vice Governor of Shandong Province Mr. Xia Geng visited Pakistan in 2016. In 2018, former President of Pakistan visited Qingdao, Shandong Province to attend the SCO Heads of State Summit.
Shandong is an economic powerhouse of China with the GDP of over 7.6 trillion Yuan. The province has an advanced industrial base, well-developed land, air and maritime transport network, good marine-based technology and attractive cultural and tourism potential.
Shandong based companies such as Shandong Huaneng Group, Shandong Rui, Inspur, SinoTruk, and Haeir are participating in China-Pakistan Economic Corridor projects.
A Shandong based port operations company Rizhao is also part of CPEC Port Qasim Power Project.