Parliamentary body reviews progress of CPEC

APP

11:28 PM | November 26, 2020

The Parliamentary Committee on China-Pakistan Economic Corridor (CPEC) met here to discuss various matters of the mega project including China Pakistan Free Trade Agreement (CPFTA) Phase-II and Afghan Pakistan Preferential Trade Agreement (APPTA) agreement.

The committee also deliberated upon the issues pertaining to Special Economic Zones (SEZs) Act, Rules and proposed regulations for Zone Enterprise Admission and sale of plots and Foreign Direct Investment (FDI), local investment and Pakistan’s regional competitiveness in terms of Industrial Trade and Investment.

The meeting that was held here under the chairmanship of Sher Ali Arbab noted that there is a greater need to pursue holistic and pragmatic approach for the inclusion of projects relating to socio-economic development under CPEC framework so that rest of money left out of 1 billion dollar grant could effectively and efficiently be utilized on priority areas and in less developed regions to bring them into mainstream and ensure shared economic progress and prosperity.

The Chairman said that the world is increasingly moving towards complex interdependence. Economy and trade should be our strategic instruments in these modern times.

He further observed that at the heart of CPEC is trade and commerce and Pakistan’s economy will not flourish unless we increase our trade volume with other countries of the world especially with China with whom CPEC engagement is also moving forward.



Source link

Latest

Rishi Sunak and Liz Truss compete for members’ support at latest Tory leadership hustings – UK politics live

Key eventsFilters BETAKey events (9)Liz Truss (21)Rishi Sunak (19)Grant...

MUVHANGO: Watch tonight’s episode, 19 August 2022 [VIDEO]

Want to catch up with the latest episodes from...

Woman accuses Uber driver of $150 scam attempt: “Check your charges”

In a now-viral set of videos, a Texas woman...

Section 144 imposed in Islamabad after Imran announces nationwide rallies

The Federal government on Friday imposed section 144 in Islamabad after Pakistan Tehreek-e-Insaf (PTI) supremo Imran Khan announced nationwide rallies to show solidarity with...

Harvard University students meet COAS at GHQ

A group of students from Harvard University USA met Chief of Army Staff General Qamar Javed Bajwa at General Headquarters in Rawalpindi on Friday. According...

VIDEO: Watch cloudburst over Jamshoro as Sindh receives highest ever rainfall in 24 hours

JAMSHORO: Cloudburst hovered above Jamshoro on Friday as the city witnessed record downpour at 355mm.Climate Change Minister Senator Sherry Rehman took to her Twitter...