Chinese Investors in SEZs to Get Enhanced Support: Aleem Khan
Pakistan’s Federal Minister for Privatisation and Communications, Abdul Aleem Khan, has reaffirmed his commitment to facilitating Chinese investors in Special Economic Zones (SEZs). These zones, known for their preferential economic regulations, offer incentives such as tax breaks and reduced tariffs to boost foreign investment.
China, Pakistan’s steadfast ally, has invested over $65 billion in infrastructure and development under the China-Pakistan Economic Corridor (CPEC), a flagship project of China’s Belt and Road Initiative. This global infrastructure strategy aims to enhance connectivity and trade across nations.
During a meeting in Lahore, Khan addressed the challenges faced by SEZ investors. He emphasized resolving these issues to ensure a smooth operational environment. "The Board of Investment will provide all necessary facilities to Chinese investors, including land sales and transfers within SEZs," Khan stated.
China’s financial support since 2013 has been instrumental in stabilizing Pakistan’s economy. This includes loan rollovers, enabling Islamabad to meet external financing needs amidst critically low foreign reserves. Khan’s initiatives aim to further solidify this strategic partnership.