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FPCCI hails Establishment of CPEC Authority

Date: October 17, 2019 Author: Web Desk Category: General General Business News Tags: Short URL Comments: 0

Karachi, October 17, 2019 (PPI-OT): Engr. Daroo Khan Achakzai, President of Pakistan Chambers of Commerce and Industry hailed the Prime Minister of Pakistan decision to establish China Pakistan Economic Corridor (CPEC) Authority with an objective to accelerate the pace of CPEC related activities, find new drives of growth, unlock the potential of the interlinked production network and global value chains through regional and global connectivity.

The President FPCCI termed it a positive development for early completion of ongoing projects and removal of hurdles/bottleneck in the projects. He hoped that the creation of CPEC Authority would start a new phase of Joint Ventures and investment in Pakistan that would promote industrialization, create new jobs, help in alleviating unemployment and poverty and enable the economy to be on the path of sustainable growth.

The President FPCCI also appreciates the Government for granting tax and tariff concession to Gwadar ports and its adjunct Special Economic Zones and emphasized the granting same facilities to the local investors and businessmen. He also underscored the need to take FPCCI on board of CPEC Authority so that the stance of private sector can be incorporated in CPEC related projects.

While commenting on CPEC, He further indicated that CPEC will change the fate of Baluchistan in terms of infrastructure development, energy, establishment of Economic Zones at Quetta, Gwadar, Khuzdar, Uthal, Hub and Dera Murad Jamali etc. At present, the government had included the socio-economic development of the province in projects that will definitely help in improving the health, education and agriculture sector. Moreover, after completion, the Baluchistan province can earn huge amount in term of promoting transit trade and exploring the untapped potentials of Baluchistan which is at present least develop province of Pakistan.

For more information, contact:
Head Office,
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
Federation House, Main Clifton, Karachi, Pakistan
Tel: +92-21-35873691-94
Fax: +92-21-35874332
Email: info@fpcci.org.pk
Website: http://fpcci.org.pk/